https://www.taxtmi.com/caselaws?id=767607 Reassessment initiated after the expiry of three years from the end of the relevant assessment year required prior approval from the higher specified authority under section 151(ii) as a jurisdictional precondition for issuing notice under section 148. Applying Union of India v. Rajeev Bansal, the ITAT held that the nature of approval depends on the elapsed time from the assessment year and that non-compliance with the prescribed sanction requirement vitiates the reopening. Because the approval obtained was not the one mandated by the applicable regime, the reassessment proceedings were invalid and were quashed. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767607 Reassessment initiated after the expiry of three years from the end of the relevant assessment year required prior approval from the higher specified authority under section 151(ii) as a jurisdictional precondition for issuing notice under section 148. Applying Union of India v. Rajeev Bansal, the ITAT held that the nature of approval depends on the elapsed time from the assessment year and that non-compliance with the prescribed sanction requirement vitiates the reopening. Because the approval obtained was not the one mandated by the applicable regime, the reassessment proceedings were invalid and were quashed. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767607