The assessee-company filed its revised return of income.\u00a0 The AO passed the order with addition to the assessee\u2019s declared income invoking section 14A.\u00a0 The CIT (Appeals) deleted the additions.\u00a0 On further appeal, the Tribunal remanded the issue pertaining to the fines and penalties and disallowance u\/s 14A to the AO for consideration of afresh with specific directions.\u00a0 Pursuant to the said directions, the JAO passed the order giving effect to the ITAT\u2019s order.\u00a0 Subsequent to that, the NFAC proceeded to pass another order.\u00a0<\/p>\n
On Writ, the Hon\u2019ble High Court held that there is no provision under the Act for continuing assessment proceedings after an assessment order is passed, that concluded assessment cannot be opened except by the recourse to specific provisions in this regard including Section 147 and accordingly, the initiation of further proceedings by NFAC held without jurisdiction and the impugned order is set aside.\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 144B : Faceless Assessment-Remand by Tribunal-Scrutiny assessment with certain disallowance u\/s 14A-Remand by the Tribunal on the issues to JAO-The order giving effect to the ITAT\u2019s directions passed by the JAO-The jurisdiction assumed subsequently by the NFAC on completed assessment by the JAO without jurisdiction and liable to be set aside. [S. 14A, 143(3), 147, 148, 254(1), Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-53251","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dQT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=53251"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53251\/revisions"}],"predecessor-version":[{"id":53252,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53251\/revisions\/53252"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}