https://www.taxtmi.com/caselaws?id=205312 The High Court ruled in favor of the appellant, emphasizing the impermissibility of initiating reassessment without the mandatory sanction under Section 151 of the Income Tax Act, 1961, when the original assessment was conducted under Section 143(3). The Tribunal's decision to uphold the reassessment without proper sanction was deemed unjustified. The judgment underscored the significance of adhering to statutory requirements in reassessment proceedings, leading to the allowance of the appeal due to the procedural irregularity. en-us Wed, 19 Jan 2011 00:00:00 +0530 Wed, 15 Jun 2011 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205312 The High Court ruled in favor of the appellant, emphasizing the impermissibility of initiating reassessment without the mandatory sanction under Section 151 of the Income Tax Act, 1961, when the original assessment was conducted under Section 143(3). The Tribunal's decision to uphold the reassessment without proper sanction was deemed unjustified. The judgment underscored the significance of adhering to statutory requirements in reassessment proceedings, leading to the allowance of the appeal due to the procedural irregularity. Case-Laws Income Tax Wed, 19 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205312