Appeals Dismissed Due to Lack of Prior Approval for Re-assessment

The High Court dismissed the appeals as the re-assessment proceedings were initiated without obtaining prior approval of the Joint Commissioner of Income Tax, as required by Section 151(1)(ii) of the Income Tax Act. The approval from a higher authority did not meet the statutory requirement, in line with a Supreme Court ruling.

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The High Court dismissed the appeals as the Income Tax Appellate Tribunal set aside re-assessment proceedings initiated without obtaining prior approval of the Joint Commissioner of Income Tax, as required under Section 151(1)(ii) of the Income Tax Act. Approval from a higher authority did not fulfill the statutory requirement. The judgment is in line with a Supreme Court ruling.

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