https://www.taxtmi.com/caselaws?id=762534 ITAT Chandigarh held that reopening assessment under Section 147 was invalid due to lack of proper approval under Section 151. The notice issued on 30/03/2021 for assessment year 2015-16 was beyond the four-year period, requiring sanction from PCCIT, CCIT, Pr.CIT or Commissioner. However, approval was obtained from JCIT, who lacked competent authority. The tribunal found the initiation of proceedings vitiated for want of specific sanction from the competent authority and decided in favor of the assessee. en-us Fri, 29 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 08:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762534 ITAT Chandigarh held that reopening assessment under Section 147 was invalid due to lack of proper approval under Section 151. The notice issued on 30/03/2021 for assessment year 2015-16 was beyond the four-year period, requiring sanction from PCCIT, CCIT, Pr.CIT or Commissioner. However, approval was obtained from JCIT, who lacked competent authority. The tribunal found the initiation of proceedings vitiated for want of specific sanction from the competent authority and decided in favor of the assessee. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762534