Madras HC Issues Orders on Section 148 Notices and Faceless Assessment

Mark Studio India Private Limited Vs ITO (Madras High Court)

In a significant ruling, the Madras High Court addressed several procedural aspects of the Income Tax Act (IT Act) concerning the issuance of notices under Section 148. The court emphasized the jurisdictional clarity for the issuance of such notices, stating that only the Jurisdictional Assessing Officer (JAO) holds exclusive jurisdiction for issuing Section 148 notices. However, for the assessment, re-assessment, or re-computation under Section 147, both the JAO and the Faceless Assessment Officer (FAO) have concurrent j

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