https://www.taxtmi.com/caselaws?id=307883 The High Court of Bombay ruled in favor of the petitioner, finding the re-opening of assessment for the assessment year 2015-16 invalid due to improper approval under Section 151 of the Income Tax Act, 1961. The court held that the approval by the Additional Commissioner of Income Tax and Joint Commissioner of Income Tax was not valid, as it should have been granted by higher authorities. Consequently, the court granted the petitioner's prayer clause, quashing the notice and subsequent order. en-us Tue, 26 Apr 2022 00:00:00 +0530 Sun, 14 May 2023 12:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307883 The High Court of Bombay ruled in favor of the petitioner, finding the re-opening of assessment for the assessment year 2015-16 invalid due to improper approval under Section 151 of the Income Tax Act, 1961. The court held that the approval by the Additional Commissioner of Income Tax and Joint Commissioner of Income Tax was not valid, as it should have been granted by higher authorities. Consequently, the court granted the petitioner's prayer clause, quashing the notice and subsequent order. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307883