https://www.taxtmi.com/caselaws?id=287327 The Tribunal found that the approval for reopening the assessment under sec. 148 of the Act, granted by the JCIT without providing reasons, was not valid under sec. 151 of the Act. Consequently, the notice for reopening the assessment was quashed, rendering the assessment order invalid. The appeal challenging the additions made by the Assessing Officer was not adjudicated as it became irrelevant. The assessee's appeal was allowed, annulling the assessment order. The judgment underscores the necessity for the sanctioning authority to provide brief reasons for approval in reopening assessments to ensure compliance with the Act. en-us Mon, 14 Mar 2016 00:00:00 +0530 Fri, 10 Apr 2020 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287327 The Tribunal found that the approval for reopening the assessment under sec. 148 of the Act, granted by the JCIT without providing reasons, was not valid under sec. 151 of the Act. Consequently, the notice for reopening the assessment was quashed, rendering the assessment order invalid. The appeal challenging the additions made by the Assessing Officer was not adjudicated as it became irrelevant. The assessee's appeal was allowed, annulling the assessment order. The judgment underscores the necessity for the sanctioning authority to provide brief reasons for approval in reopening assessments to ensure compliance with the Act. Case-Laws Income Tax Mon, 14 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287327