Jurisdictional AO and Faceless AO cannot exercise Concurrent Jurisdiction to issue Notice u/s 148: Bombay HC underlines purpose of Faceless Mechanism [Read Order]

The High Court reiterated that the ‘Faceless Assessment Mechanism’ was implemented to boost productivity and efficiency while endorsing its predominance over a regular reassessment notice issued under Section 148 of the Income Tax Act, 1961
By Avinash Kurungot - On September 3, 2024 3:42 pm - 2 mins read
assessing officer - ao - Jurisdictional assessing officer - Faceless assessing officer - Jurisdictional AO - Faceless - income tax notice - bombay hc news - taxscan

The Bombay High Court in a Writ Petition before it clarified that the Faceless Assessing Officer (FAO) and Jurisdictional Assessing Officer (JAO) cannot simultaneously exercise their independent powers to adjudicate the very same matter pertaining to the same Assessee. The Writ Petition was lodged by Tilak Ventures Ltd. challenging the notice issued by a Jurisdictional…

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