https://www.taxtmi.com/caselaws?id=754695 A reopening notice under section 148 was invalid because it proceeded on the mistaken assumption that approval of the superannuation fund had already been withdrawn. Rule 2 and Rule 3 of Part B of Schedule IV require withdrawal of approval to be communicated in writing and to specify the date from which it takes effect. As the withdrawal order was passed after the notice and no earlier operative communication existed, approval remained in force on the notice date. The reassessment therefore lacked a valid factual basis and could not stand, and the Tribunal's setting aside of the proceedings was upheld. en-us Tue, 11 Jun 2024 00:00:00 +0530 Fri, 28 Jun 2024 08:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754695 A reopening notice under section 148 was invalid because it proceeded on the mistaken assumption that approval of the superannuation fund had already been withdrawn. Rule 2 and Rule 3 of Part B of Schedule IV require withdrawal of approval to be communicated in writing and to specify the date from which it takes effect. As the withdrawal order was passed after the notice and no earlier operative communication existed, approval remained in force on the notice date. The reassessment therefore lacked a valid factual basis and could not stand, and the Tribunal's setting aside of the proceedings was upheld. Case-Laws Income Tax Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754695