https://www.taxtmi.com/caselaws?id=337956 The HC held that reopening of the assessment was invalid due to lack of proper application of mind by the sanctioning authority under Section 151 before issuing notice under Sections 147/148. The mere approval without recorded satisfaction was insufficient, rendering the sanction ritualistic and formal. The invocation of Section 68 to add amounts was also scrutinized. The Court upheld the ITAT's findings and ruled in favor of the assessee, quashing the reassessment notice. en-us Wed, 11 Jan 2017 00:00:00 +0530 Wed, 23 Jul 2025 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337956 The HC held that reopening of the assessment was invalid due to lack of proper application of mind by the sanctioning authority under Section 151 before issuing notice under Sections 147/148. The mere approval without recorded satisfaction was insufficient, rendering the sanction ritualistic and formal. The invocation of Section 68 to add amounts was also scrutinized. The Court upheld the ITAT's findings and ruled in favor of the assessee, quashing the reassessment notice. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337956