Allahabad HC Dismisses Revenue Appeal as Section 148 Notice Was Issued Without Jurisdiction

CIT Vs M.I. Builders Pvt. Ltd. (Allahabad High Court) The Revenue filed two income tax appeals arising from orders of the Income Tax Appellate Tribunal (ITAT) relating to Assessment Year 1997-98. The first appeal challenged the Tribunal’s order allowing the assessee’s appeal on the ground that the notice issued under Section 148(1) of the Income-tax Act by the Assistant Commissioner of Income Tax (ACIT), Range-IV, Lucknow, was without jurisdiction and therefore invalid. The second appeal challenged the Tribunal’s order dismissing the Revenue’s appeal against cancellatio...