https://www.taxtmi.com/caselaws?id=351082 The Tribunal held that the notice issued under section 148 without the necessary approval from the Commissioner or Chief Commissioner is invalid, rendering the subsequent reassessment proceedings void for lack of jurisdiction and unsustainable in law. The approval requirement for reopening assessments after 4 years was emphasized, stating that approval from the competent authority is mandatory. The Tribunal clarified that approval granted by a Joint Commissioner does not meet the statutory requirement. The issue of lacking approval was deemed critical, prompting the Tribunal to set it aside for lower authorities to address, ultimately allowing the appeal for statistical purposes. en-us Mon, 13 Nov 2017 00:00:00 +0530 Sat, 18 Nov 2017 14:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351082 The Tribunal held that the notice issued under section 148 without the necessary approval from the Commissioner or Chief Commissioner is invalid, rendering the subsequent reassessment proceedings void for lack of jurisdiction and unsustainable in law. The approval requirement for reopening assessments after 4 years was emphasized, stating that approval from the competent authority is mandatory. The Tribunal clarified that approval granted by a Joint Commissioner does not meet the statutory requirement. The issue of lacking approval was deemed critical, prompting the Tribunal to set it aside for lower authorities to address, ultimately allowing the appeal for statistical purposes. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351082