Section 143(2) Notice by Wrong Officer Makes Assessment Null & Void: ITAT Kolkata

Advertisement DCIT Vs Proficient Commodities Pvt. Ltd. (ITAT Kolkata) The appeal filed by the Revenue and the cross-objection filed by the assessee before the Income Tax Appellate Tribunal (ITAT), Kolkata, arose from the order of the Commissioner of Income Tax (Appeals)-4, Kolkata, for Assessment Year 2012-13. The Revenue challenged the deletion of additions relating to alleged bogus losses in the National Multi Commodity Exchange (NMCE) and unexplained share capital, while the assessee raised a legal challenge to the validity of the assessment on jurisdictional grounds. The Tribunal first ...