https://www.taxtmi.com/caselaws?id=761096 The ITAT Delhi held that reopening of assessment beyond four years requires valid sanction under Section 151(1) from PCIT or CCIT. Since the AO obtained approval only from Additional CIT rather than the competent authority, the assumption of jurisdiction was improper. The notice issued under Section 148 was declared invalid and bad in law. The assessment reopening was set aside and the assessee's appeal was allowed due to non-compliance with mandatory statutory requirements for reopening beyond the prescribed time limit. en-us Tue, 29 Oct 2024 00:00:00 +0530 Tue, 05 Nov 2024 07:37:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761096 The ITAT Delhi held that reopening of assessment beyond four years requires valid sanction under Section 151(1) from PCIT or CCIT. Since the AO obtained approval only from Additional CIT rather than the competent authority, the assumption of jurisdiction was improper. The notice issued under Section 148 was declared invalid and bad in law. The assessment reopening was set aside and the assessee's appeal was allowed due to non-compliance with mandatory statutory requirements for reopening beyond the prescribed time limit. Case-Laws Income Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761096