https://www.taxtmi.com/highlights?id=75658 Reopening of assessment u/s 147 - The Tribunal found the reassessment proceedings to be invalid due to the non-application of mind by the AO and lack of valid approval as mandated by law. Specifically, the court noted that objections filed by the assessee were not disposed of in accordance with legal requirements, and the sanction under section 151 of the Act did not bear the signature of the PCIT, rendering the initiation of reassessment proceedings invalid. en-us Wed, 13 Mar 2024 11:44:25 +0530 Wed, 13 Mar 2024 11:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75658 Reopening of assessment u/s 147 - The Tribunal found the reassessment proceedings to be invalid due to the non-application of mind by the AO and lack of valid approval as mandated by law. Specifically, the court noted that objections filed by the assessee were not disposed of in accordance with legal requirements, and the sanction under section 151 of the Act did not bear the signature of the PCIT, rendering the initiation of reassessment proceedings invalid. Highlights Income Tax Wed, 13 Mar 2024 11:44:25 +0530 https://www.taxtmi.com/highlights?id=75658