https://www.taxtmi.com/caselaws?id=446717 ITAT Dehradun quashed reassessment proceedings initiated under section 147 for lack of mandatory prior approval under section 151 from competent authority. The tribunal held that without required sanction, assumption of jurisdiction under section 147 becomes void ab initio, rendering entire reassessment proceedings invalid. The assessee's appeal was allowed and exemption under section 10(26BBB) issue became academic due to quashing of proceedings. en-us Tue, 28 Nov 2023 00:00:00 +0530 Sat, 09 Dec 2023 08:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446717 ITAT Dehradun quashed reassessment proceedings initiated under section 147 for lack of mandatory prior approval under section 151 from competent authority. The tribunal held that without required sanction, assumption of jurisdiction under section 147 becomes void ab initio, rendering entire reassessment proceedings invalid. The assessee's appeal was allowed and exemption under section 10(26BBB) issue became academic due to quashing of proceedings. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446717