https://www.taxtmi.com/caselaws?id=234075 The High Court of Gujarat held that a notice issued under Section 148 of the Income-tax Act, 1961 beyond the four-year period was invalid due to the lack of necessary approval from the Chief Commissioner or Commissioner. The Court stressed the importance of independent satisfaction by the designated authority as a procedural safeguard against arbitrary exercise of power in reopening assessments. The judgment quashed the notice solely on the grounds of lacking required approval, without addressing other contentions raised by the petitioner. en-us Tue, 07 May 2013 00:00:00 +0530 Thu, 16 May 2013 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234075 The High Court of Gujarat held that a notice issued under Section 148 of the Income-tax Act, 1961 beyond the four-year period was invalid due to the lack of necessary approval from the Chief Commissioner or Commissioner. The Court stressed the importance of independent satisfaction by the designated authority as a procedural safeguard against arbitrary exercise of power in reopening assessments. The judgment quashed the notice solely on the grounds of lacking required approval, without addressing other contentions raised by the petitioner. Case-Laws Income Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234075