https://www.taxtmi.com/caselaws?id=440579 The ITAT Delhi upheld the CIT(A)'s decision to quash the reassessment proceedings due to the lack of valid approval u/s 151 of the Income Tax Act. The appeal of the revenue was dismissed based on the failure to meet the mandatory requirements for approval, as highlighted by legal precedents. The judgment emphasized the importance of proper satisfaction and independent application of mind in approval processes to ensure the validity of reassessment proceedings. en-us Tue, 18 Jul 2023 00:00:00 +0530 Thu, 20 Jul 2023 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440579 The ITAT Delhi upheld the CIT(A)'s decision to quash the reassessment proceedings due to the lack of valid approval u/s 151 of the Income Tax Act. The appeal of the revenue was dismissed based on the failure to meet the mandatory requirements for approval, as highlighted by legal precedents. The judgment emphasized the importance of proper satisfaction and independent application of mind in approval processes to ensure the validity of reassessment proceedings. Case-Laws Income Tax Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440579