https://www.taxtmi.com/caselaws?id=421801 The HC of Bombay ruled that the notice issued on 26th March 2021 under Section 148 of the Income Tax Act for Assessment Year 2015-16 was invalid. The Court found that the required approval under Section 151(1) was improperly obtained from the Additional Commissioner of Income Tax instead of the designated higher authorities such as the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner, or Commissioner. Consequently, the Court quashed the notice and allowed the petition, dismissing the assessment notice as non-compliant with statutory requirements. en-us Tue, 26 Apr 2022 00:00:00 +0530 Wed, 25 Oct 2023 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421801 The HC of Bombay ruled that the notice issued on 26th March 2021 under Section 148 of the Income Tax Act for Assessment Year 2015-16 was invalid. The Court found that the required approval under Section 151(1) was improperly obtained from the Additional Commissioner of Income Tax instead of the designated higher authorities such as the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner, or Commissioner. Consequently, the Court quashed the notice and allowed the petition, dismissing the assessment notice as non-compliant with statutory requirements. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421801