Tribunal Voids Assessment Orders for 2011-12 & 2012-13 Due to AO's Lack of Jurisdiction; 1% Income Addition Deleted.

The Appellate Tribunal held that the assessment orders issued u/s 153C for the assessment years 2011-12 and 2012-13 were beyond the jurisdiction of the Assessing Officer (AO) and void ab initio. The amendment to Section 153C with effect from April 1, 2017, had prospective effect, clarified by CBDT Circular 2/2018. The AO could only reopen assessments for the preceding six years from the year of satisfaction recorded on September 26, 2018, i.e., assessment years 2013-14 to 2018-19. Consequently, the impugned assessment orders for 2011-12 and 2012-13 were quashed. Regarding the reopening of assessments of other persons u/s 153C, the Tribunal held that the AO failed to record valid satisfaction year-wise and narrate specific documents relied u..... .....

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