Reopening Income Tax Assessment Requires Mandatory Sanction from Joint Commissioner per Section 147 of Income Tax Act.

Reopening Income Tax Assessment Requires Mandatory Sanction from Joint Commissioner per Section 147 of Income Tax Act. https://www.taxtmi.com/highlights?id=64653 Validity of reopening of assessment u/s 147 - Mandation of obtaining sanction of JCIT - addition made u/s 68 - It is a well settled legal principle that when a statutory provision requires a certain act to be done by a particular authority in a particular manner, it should be done by that authority in that manner only. Any other authority, be it higher or inferior, cannot substitute the authority prescribed under the statute. The legal principle on this aspect is very much clear and leaves no room for doubt. - AT en-us Sat, 16 Jul 2022 09:21:49 +0530 Sat, 16 Jul 2022 09:21:49 +0530 TaxTMI RSS Generator Reopening Income Tax Assessment Requires Mandatory Sanction from Joint Commissioner per Section 147 of Income Tax Act. https://www.taxtmi.com/highlights?id=64653 Validity of reopening of assessment u/s 147 - Mandation of obtaining sanction of JCIT - addition made u/s 68 - It is a well settled legal principle that when a statutory provision requires a certain act to be done by a particular authority in a particular manner, it should be done by that authority in that manner only. Any other authority, be it higher or inferior, cannot substitute the authority prescribed under the statute. The legal principle on this aspect is very much clear and leaves no room for doubt. - AT Highlights Income Tax Sat, 16 Jul 2022 09:21:49 +0530 https://www.taxtmi.com/highlights?id=64653