https://www.taxtmi.com/caselaws?id=420192 The Tribunal held that the reopening of assessment under section 147 of the Income Tax Act was invalid due to the lack of proper sanction under section 151. The approval process was found to lack scrutiny and proper application of mind, rendering the notice issued without jurisdiction. Consequently, the assessment order was quashed, and the appeals of the assessee were allowed, emphasizing the necessity of a valid approval process under section 151 for reopening assessments to prevent arbitrary exercise of power by the Assessing Officer. en-us Wed, 15 Dec 2021 00:00:00 +0530 Tue, 29 Mar 2022 08:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420192 The Tribunal held that the reopening of assessment under section 147 of the Income Tax Act was invalid due to the lack of proper sanction under section 151. The approval process was found to lack scrutiny and proper application of mind, rendering the notice issued without jurisdiction. Consequently, the assessment order was quashed, and the appeals of the assessee were allowed, emphasizing the necessity of a valid approval process under section 151 for reopening assessments to prevent arbitrary exercise of power by the Assessing Officer. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420192