Addl. CIT Lacked Authority Assessment Authority – ₹20 Cr Additions Deleted

Karan Motors Pvt. Ltd. Vs DCIT (ITAT Delhi) Addl. CIT Can’t Act as AO Without 120(4)(b) Empowerment – ITAT Quashes Assessment; Absence of Jurisdictional Order Fatal – ₹20 Cr Additions Collapse In appeal by Assessee, Delhi ITAT dealt with validity of assessment framed u/s 143(3) by Addl. CIT, Assessee, engaged in manufacturing automobile spare parts, had filed return declaring loss of ₹5.66 crore. During assessment, AO made additions of nearly ₹20 crore. Before ITAT, Assessee raised an additional legal ground that assessment was void ab initio since Addl. CIT had no jurisdiction un...