https://www.taxtmi.com/caselaws?id=767272 Delhi HC held that reassessment proceedings for AY 2016-17 were invalid due to improper sanction authority. The notice under section 148 was issued on 29 July 2022, after expiry of three years from the relevant AY. For reassessment initiated beyond three years, the Principal Chief Commissioner is the competent sanctioning authority, not the PCIT who had accorded sanction in this case. The court quashed the reassessment proceedings solely on this jurisdictional defect and allowed the writ petition. en-us Wed, 05 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767272 Delhi HC held that reassessment proceedings for AY 2016-17 were invalid due to improper sanction authority. The notice under section 148 was issued on 29 July 2022, after expiry of three years from the relevant AY. For reassessment initiated beyond three years, the Principal Chief Commissioner is the competent sanctioning authority, not the PCIT who had accorded sanction in this case. The court quashed the reassessment proceedings solely on this jurisdictional defect and allowed the writ petition. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767272