https://www.taxtmi.com/caselaws?id=759038 Delhi HC quashed reassessment notices issued under Section 148 of the Income Tax Act. The court held that notices issued after four years from the end of the relevant assessment year required approval from Principal Chief Commissioner/Chief Commissioner/Principal Commissioner/Commissioner, not JCIT. Although TOLA extended time limits for initiating reassessment proceedings, it did not alter the approval hierarchy established under Section 151. The JCIT's approval was deemed non-compliant with statutory requirements, rendering the reassessment proceedings invalid. en-us Fri, 20 Sep 2024 00:00:00 +0530 Thu, 16 Jan 2025 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759038 Delhi HC quashed reassessment notices issued under Section 148 of the Income Tax Act. The court held that notices issued after four years from the end of the relevant assessment year required approval from Principal Chief Commissioner/Chief Commissioner/Principal Commissioner/Commissioner, not JCIT. Although TOLA extended time limits for initiating reassessment proceedings, it did not alter the approval hierarchy established under Section 151. The JCIT's approval was deemed non-compliant with statutory requirements, rendering the reassessment proceedings invalid. Case-Laws Income Tax Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759038