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of <h1>New Section 148B: Tax Orders Require Joint Commissioner Approval for Certain Assessment Years Starting April 2022</h1> The Finance Bill, 2022 proposes the insertion of section 148B into the Income-tax Act, mandating that any order of assessment, reassessment, or recomputation cannot be passed by an Assessing Officer below the rank of Joint Commissioner without prior approval from a higher authority such as the Additional Commissioner, Additional Director, Joint Commissioner, or Joint Director. This requirement applies to assessment years specified under clauses (i) to (iv) of Explanation 2 to section 148. The amendment is set to be effective from April 1, 2022.
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