Key Principles Governing Section 153A Jurisdiction & Assessment Procedures

Kalyanika Infra Mega Ventures Pvt. Ltd. Vs Dy.C.I.T. (Central) (ITAT Jabalpur)

In a significant decision, the Income Tax Appellate Tribunal (ITAT) Jabalpur addressed critical questions regarding the jurisdiction and validity of assessment orders in the case of Kalyanika Infra Mega Ventures Pvt. Ltd. vs Dy.C.I.T. (Central). The case revolved around the interpretation of Section 153A of the Income Tax Act, 1961, concerning block assessments and the authority of the Assessing Officer (AO) in conducting assessments post a search or requisition under Sections 132 and 132A, respectively.

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