Income Tax Reassessment Initiated During Pending Assessment Proceedings: Delhi HC Sets Aside Order for Lack of Jurisdiction

The Delhi High Court has set aside an income tax reassessment order for "lack of jurisdiction," as it was initiated during pending assessment proceedings. The court ruled that reassessment proceedings under Section 147/148 of the Income Tax Act cannot be validly initiated if the original assessment for the same assessment year is still ongoing or has not been concluded. Such simultaneous or overlapping proceedings are legally untenable and indicate a procedural irregularity. This decision protects taxpayers from parallel and unwarranted assessments, emphasizing strict adherence to jurisdictional boundaries in tax administration.