Reassessment Proceeding: Short Overview of the Bombay High Court in Hexaware Technologies Limited v. ACIT
Notice issued U/s 148 by Jurisdictional Assessing Officer (JAO) & not by Faceless Assessing Officer is invalid and bad in law: Bombay HC
Monetary limit fixed for assessment to be done by ACIT won’t preclude jurisdictional AO to initiate reassessment
The jurisdiction of a High Court is not dependent on the location of the ITAT as one Bench of may exercises jurisdiction over other states.
Validity of assessment framed u/s 143(3) vis a vis issuance of notice U/s 143(2) by non- jurisdictional ITO
Addition of Rs.344.55 Cr during assessment proceeding with less than 72 Hours to reply to SCN: Assessment quashed by Bombay HC for de-novo consideration by AO.
