https://www.taxtmi.com/caselaws?id=297483 The appeal pertained to the validity of the assumption of jurisdiction by the AO for reassessment for Assessment Year 2007-08. The Addl. DIT's approval for reassessment was granted on the same day the sanction was applied for, indicating a lack of detailed consideration. Citing the "United Electrical Company Pvt. Ltd. vs. CIT" case, the court emphasized the necessity for careful consideration in granting such approvals. As the reassessment jurisdiction was found legally flawed and lacking proper scrutiny, the appeal was allowed, and the order was quashed. en-us Thu, 16 Mar 2017 00:00:00 +0530 Mon, 06 Sep 2021 22:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297483 The appeal pertained to the validity of the assumption of jurisdiction by the AO for reassessment for Assessment Year 2007-08. The Addl. DIT's approval for reassessment was granted on the same day the sanction was applied for, indicating a lack of detailed consideration. Citing the "United Electrical Company Pvt. Ltd. vs. CIT" case, the court emphasized the necessity for careful consideration in granting such approvals. As the reassessment jurisdiction was found legally flawed and lacking proper scrutiny, the appeal was allowed, and the order was quashed. Case-Laws Income Tax Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297483