Reassessment approval under Section 151(ii) was mandatory; absence of specified authority approval led to quashing of notices and order.

Reassessment notices and the resulting order were unsustainable because reassessment had been initiated without the requisite approval of the specified authority under Section 151(ii) of the Income-tax Act, 1961. Following Twylight Infrastructure (P) Ltd. v. CIT, the Delhi HC held that the absence of such approval vitiated the proceedings and quashed the impugned notices and order. The Court preserved liberty for the revenue to proceed afresh in accordance with law.

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Issues: Whether the reassessment notices and order were liable to be quashed for want of approval of the specified authority under Section 151(ii) of the Income-tax Act, 1961.

Analysis: The challenge was held to be covered by the earlier decision in Twylight Infrastructure (P) Ltd. v. CIT. Following that ruling, the Court treated the impugned notices and order as unsustainable because reassessment had been initiated without the requisite approval of the specified authority under Section 151(ii). The Court also preserved liberty to the revenue to proceed afresh in accordance with law.

Conclusion: The impugned notices and order were quashed.

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