ITAT Kolkata Quashes Reassessment as ACIT Lacked Pecuniary Jurisdiction

Hirak Sarkar Vs ACIT (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata, allowed the assessee’s appeal for the Assessment Year 2011-12 after deciding the jurisdictional issue relating to reassessment under Sections 147 and 148 of the Income-tax Act. The assessee had challenged, among other grounds, the jurisdiction of the Assessing Officer who framed the reassessment order. The Tribunal noted that the reasons for reopening the assessment and the notice under Section 148 were recorded and issued by the ITO, Ward-23(3), Hooghly. However, the reassessment order under Sections ...