https://www.taxtmi.com/caselaws?id=450793 The ITAT Bangalore held that reassessment proceedings under section 147 were invalid due to procedural violations. The AO improperly disposed of assessee's objections on 07.11.2016 regarding reasons supplied on 04.11.2016, while objections were filed on 03.11.2016 before receiving the reasons. Additionally, the PCIT's sanction under section 151 was defective as the approval letter dated 24.03.2016 lacked proper signature and application of mind by the approving authority. The reasons were recorded after approval, making the entire reassessment proceedings bad in law. en-us Mon, 11 Mar 2024 00:00:00 +0530 Wed, 13 Mar 2024 08:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450793 The ITAT Bangalore held that reassessment proceedings under section 147 were invalid due to procedural violations. The AO improperly disposed of assessee's objections on 07.11.2016 regarding reasons supplied on 04.11.2016, while objections were filed on 03.11.2016 before receiving the reasons. Additionally, the PCIT's sanction under section 151 was defective as the approval letter dated 24.03.2016 lacked proper signature and application of mind by the approving authority. The reasons were recorded after approval, making the entire reassessment proceedings bad in law. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450793