https://www.taxtmi.com/caselaws?id=751698 The ITAT allowed the assessee's appeal, quashing the re-assessment order for AY 2015-16 due to invalid initiation of proceedings under Section 147 of the Income Tax Act, 1961. The Tribunal found that the approval obtained from the Additional Commissioner of Income Tax did not satisfy the requirements of Section 151, which mandates sanction from higher authorities, rendering the proceedings invalid. en-us Fri, 19 Apr 2024 00:00:00 +0530 Mon, 22 Apr 2024 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751698 The ITAT allowed the assessee's appeal, quashing the re-assessment order for AY 2015-16 due to invalid initiation of proceedings under Section 147 of the Income Tax Act, 1961. The Tribunal found that the approval obtained from the Additional Commissioner of Income Tax did not satisfy the requirements of Section 151, which mandates sanction from higher authorities, rendering the proceedings invalid. Case-Laws Income Tax Fri, 19 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751698