Invalid Reassessment Notice by JAO Renders 263 Revision Non-Est: ITAT Chennai

Chennai Co-op. Societies Employees Co-op. T & C Society Ltd Vs PCIT (ITAT Chennai) When Reassessment is Non Est, 263 Revision Falls Too, Rules Tribunal- Sublato Fundamento Cadit Opus; PCIT’s 263 Order Quashed as Foundation Itself Void- JAO’s Invalid 148 Notice After 29.03.2022 Dooms Both Reassessment & Revision Assessee, a cooperative society, appealed against the order of PCIT-8, Chennai dated 20.03.2025 passed u/s 263 for AY 2018-19. The key dispute revolved around whether PCIT could exercise revisional jurisdiction u/s 263 when the underlying reassessment order itself was inval...