Impugned notice quashed due to lack of sanction for reopening assessment beyond 3 years, violating Section 151(ii). Notification can't override statute.

Impugned notice quashed due to lack of sanction for reopening assessment beyond 3 years, violating Section 151(ii). Notification can't override statute. https://www.taxtmi.com/highlights?id=79386 Sanction by specified authority not obtained as per amended provisions of Section 151 for reopening assessment beyond 3 years, rendering impugned notice invalid; notification under TOLA cannot override statutory provisions; impugned notice quashed being contrary to Section 151(ii) requiring sanction from higher authority for reopening beyond 3 years. en-us Sat, 13 Jul 2024 18:48:10 +0530 Sat, 13 Jul 2024 18:48:10 +0530 TaxTMI RSS Generator Impugned notice quashed due to lack of sanction for reopening assessment beyond 3 years, violating Section 151(ii). Notification can't override statute. https://www.taxtmi.com/highlights?id=79386 Sanction by specified authority not obtained as per amended provisions of Section 151 for reopening assessment beyond 3 years, rendering impugned notice invalid; notification under TOLA cannot override statutory provisions; impugned notice quashed being contrary to Section 151(ii) requiring sanction from higher authority for reopening beyond 3 years. Highlights Income Tax Sat, 13 Jul 2024 18:48:10 +0530 https://www.taxtmi.com/highlights?id=79386