Assessment Quashed as ACIT Lacked Pecuniary Jurisdiction: ITAT Kolkata

Advertisement Balaka Cold Storage Pvt. Ltd. Vs ACIT (ITAT Kolkata) The ITAT Kolkata considered the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for Assessment Year 2017-18. During the appellate proceedings, the assessee raised an additional legal ground challenging the validity of the assessment on the basis that the assessment order under Section 143(3) of the Income-tax Act, 1961 had been framed without a valid notice under Section 143(2) and in contravention of CBDT Instruction F. No. 225/157/2017/ITA-II dated 23....