https://www.taxtmi.com/caselaws?id=10500 The High Court upheld the Tribunal's decision to cancel reassessment proceedings due to a defective sanction provided by the Board under section 151 of the Income-tax Act, 1961. The Court found that the Board mechanically granted the sanction without proper consideration, rendering the reassessment order null and void. Consequently, the Court ruled in favor of the assessee, emphasizing the necessity for valid and considered sanctions in reassessment proceedings to comply with legal requirements. en-us Mon, 17 Jan 2005 00:00:00 +0530 Thu, 16 Jul 2009 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10500 The High Court upheld the Tribunal's decision to cancel reassessment proceedings due to a defective sanction provided by the Board under section 151 of the Income-tax Act, 1961. The Court found that the Board mechanically granted the sanction without proper consideration, rendering the reassessment order null and void. Consequently, the Court ruled in favor of the assessee, emphasizing the necessity for valid and considered sanctions in reassessment proceedings to comply with legal requirements. Case-Laws Income Tax Mon, 17 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10500