Case Law Analysis
|Income Tax Appellate Tribunal
Section 143(2) NI Act | Jurisdictional Notice Invalid If Issued by ITO Beyond CBDT ₹20 Lakh Income Threshold : ITAT Mumbai
ITAT Mumbai quashed an assessment order, ruling that an Income Tax Officer lacks jurisdiction to issue a notice under Section 143(2) of the Income Tax Act if the assessee's declared income exceeds ₹20 lakhs, as per CBDT Instruction No.1/2011. The tribunal held that such notices must be issued by a Deputy/Assistant Commissioner, making the assessment proceedings void ab initio.