Assessment Quashed as U/s 143(2) Issued by Wrong Jurisdictional AO: ITAT Kolkata

R A Realtors Pvt. Ltd. Vs ITO (ITAT Kolkata) Assessment quashed for lack of pecuniary jurisdiction – Notice u/s 143(2) by wrong AO invalid The Kolkata ITAT allowed the assessee’s appeal for AY 2012-13 and quashed the assessment as void ab initio on the ground of lack of jurisdiction. The Tribunal held that the Assessing Officer (ACIT) who issued notice under section 143(2) and framed the assessment did not have pecuniary jurisdiction in terms of CBDT Instruction No.1/2011 dated 31.01.2011. Since the assessee had filed a nil return, the case fell within the monetary limits assigned to an IT...