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NewsPolicyRadarTuesday, 13 October 2026NEW

Income Tax | ITAT Delhi Quashes Assessment Due to Lack of Assessing Officer Pecuniary Jurisdiction

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Summary
ITAT Delhi quashes Arjun Rishi assessment as the ITO lacked pecuniary jurisdiction and valid Section 143(2) notice.
Key Facts
TypeNews
SourcePolicyRadar India
PublishedTuesday, 13 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy671 tracked→
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