Tax Notice Invalid as Issued by Jurisdictional AO instead of Faceless AO: Bombay HC

Caishen Enterprise LLP Vs Assistant Commissioner (Bombay High Court) Bombay High Court has set aside a reassessment notice issued under Section 148 of the Income Tax Act, 1961, to Caishen Enterprise LLP for the Assessment Year 2019-20. The court’s decision, delivered recently, hinged on a critical procedural flaw: the notice was issued by a Jurisdictional Assessing Officer (AO) rather than a Faceless Assessing Officer, which the law now mandates. The petition, filed by Caishen Enterprise LLP, initially contained an inadvertent error, referencing Assessment Year 2017-18 instead of the cor...