https://www.taxtmi.com/caselaws?id=458372 Reassessment notices must be supported by valid sanction under the correct clause before they can sustain further proceedings. Here, sanction was obtained under the wrong clause of Section 151 of the Income-tax Act, so it was treated as invalid; the notice founded on that sanction could not survive, and the consequential assessment orders also fell with it. The notices and all resulting orders were quashed in favour of the assessee. en-us Mon, 06 May 2024 00:00:00 +0530 Wed, 23 Oct 2024 19:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458372 Reassessment notices must be supported by valid sanction under the correct clause before they can sustain further proceedings. Here, sanction was obtained under the wrong clause of Section 151 of the Income-tax Act, so it was treated as invalid; the notice founded on that sanction could not survive, and the consequential assessment orders also fell with it. The notices and all resulting orders were quashed in favour of the assessee. Case-Laws Income Tax Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458372