Assessment Quashed: ITAT Finds Notice u/s 143(2) by Non-Jurisdictional AO After Transfer u/s 127 Invalid

ACIT Vs Ramasubbu Minnalkodi (ITAT Chennai)

Assessment Quashed—Notice Issued by Non-Jurisdictional AO After Transfer u/s 127 Held Invalid- Notice by Old AO after Transfer Invalid- Jurisdictional Error Fatal- Entire Assessment Held Void

Assessee, proprietor of M/s Maries Blue Metals, engaged in quarrying & crushing business, was subjected to a survey u/s 133A on 26.02.2020. Certain documents were impounded, & statements were recorded. During survey, a customer admitted to purchase at under-invoiced value, & the Assessee in her statement admitted turnover of ₹

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