https://www.taxtmi.com/caselaws?id=364663 The Bombay High Court upheld the Tribunal's decision to quash the reassessment order for the Assessment Year 2004-05 under Section 147 of the Income Tax Act. The Court found that the sanction for reopening the assessment was obtained from the Commissioner of Income Tax instead of the required Additional Commissioner of Income Tax, violating the jurisdictional requirement of Section 151(2) of the Act. The Court emphasized that the authority granting approval must align with statutory requirements, leading to the dismissal of the appeal as it did not raise any substantial question of law. en-us Wed, 25 Jul 2018 00:00:00 +0530 Wed, 29 Aug 2018 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364663 The Bombay High Court upheld the Tribunal's decision to quash the reassessment order for the Assessment Year 2004-05 under Section 147 of the Income Tax Act. The Court found that the sanction for reopening the assessment was obtained from the Commissioner of Income Tax instead of the required Additional Commissioner of Income Tax, violating the jurisdictional requirement of Section 151(2) of the Act. The Court emphasized that the authority granting approval must align with statutory requirements, leading to the dismissal of the appeal as it did not raise any substantial question of law. Case-Laws Income Tax Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364663