https://www.taxtmi.com/caselaws?id=767265 The ITAT Hyderabad quashed a reassessment notice issued under section 148 and the consequential assessment order under section 147 read with section 144C(13). The court held that the Assessing Officer's notice dated 30.07.2022, despite obtaining prior approval from the Principal Commissioner on 27.07.2022, was illegal and void ab initio. Following Supreme Court precedent in Union of India vs. Rajeev Bansal and ITAT Mumbai decisions, the tribunal ruled that mandatory approval must be obtained from the Principal Chief Commissioner or Principal Director General, not the Principal Commissioner. The assessee's appeal was allowed. en-us Tue, 11 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767265 The ITAT Hyderabad quashed a reassessment notice issued under section 148 and the consequential assessment order under section 147 read with section 144C(13). The court held that the Assessing Officer's notice dated 30.07.2022, despite obtaining prior approval from the Principal Commissioner on 27.07.2022, was illegal and void ab initio. Following Supreme Court precedent in Union of India vs. Rajeev Bansal and ITAT Mumbai decisions, the tribunal ruled that mandatory approval must be obtained from the Principal Chief Commissioner or Principal Director General, not the Principal Commissioner. The assessee's appeal was allowed. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767265