https://www.taxtmi.com/caselaws?id=409856 The High Court ruled in favor of the assessee in a case challenging the incorrect sanction obtained for reopening assessments under Section 148 of the Income Tax Act. The Court held that the sanction should have been obtained from the Joint Commissioner, not the CIT, as per statutory requirements. The Court emphasized strict adherence to statutory provisions and the significance of obtaining sanction from the correct authority to ensure the validity of the assessment process. Additionally, the Court dismissed appeals due to contradictory arguments, highlighting the importance of presenting consistent facts throughout legal proceedings. en-us Thu, 15 Jul 2021 00:00:00 +0530 Sat, 17 Jul 2021 07:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409856 The High Court ruled in favor of the assessee in a case challenging the incorrect sanction obtained for reopening assessments under Section 148 of the Income Tax Act. The Court held that the sanction should have been obtained from the Joint Commissioner, not the CIT, as per statutory requirements. The Court emphasized strict adherence to statutory provisions and the significance of obtaining sanction from the correct authority to ensure the validity of the assessment process. Additionally, the Court dismissed appeals due to contradictory arguments, highlighting the importance of presenting consistent facts throughout legal proceedings. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409856