https://www.taxtmi.com/highlights?id=71417 Validity of Reopening of assessment u/s 147 - Valid approval u/s 151 or not? - If only PCIT had read the report carefully, he would have never come to the conclusion that there is any material before him to treat it as a fit case to issue notice u/s 148 or pass order u/s 148A(d) - The safeguards provided in Sections 148 and 151 were lightly treated by CIT and PCIT - Both of them appear to have taken the duty imposed on them under these provisions as of little importance. - Notice quashed - HC en-us Thu, 10 Aug 2023 13:05:05 +0530 Thu, 10 Aug 2023 13:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71417 Validity of Reopening of assessment u/s 147 - Valid approval u/s 151 or not? - If only PCIT had read the report carefully, he would have never come to the conclusion that there is any material before him to treat it as a fit case to issue notice u/s 148 or pass order u/s 148A(d) - The safeguards provided in Sections 148 and 151 were lightly treated by CIT and PCIT - Both of them appear to have taken the duty imposed on them under these provisions as of little importance. - Notice quashed - HC Highlights Income Tax Thu, 10 Aug 2023 13:05:05 +0530 https://www.taxtmi.com/highlights?id=71417