https://www.taxtmi.com/caselaws?id=767607 ITAT Delhi quashed reassessment proceedings under section 147 due to invalid sanction under section 151. The case involved escaped income exceeding Rs. 50 lakhs, requiring approval from Principal Chief Commissioner under section 151(ii), not jurisdictional commissioner. Since proper approval was not obtained from the prescribed authority, the section 148 proceedings were held unsustainable in law. The impugned reopening/reassessment was quashed and assessee's appeal was allowed. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767607 ITAT Delhi quashed reassessment proceedings under section 147 due to invalid sanction under section 151. The case involved escaped income exceeding Rs. 50 lakhs, requiring approval from Principal Chief Commissioner under section 151(ii), not jurisdictional commissioner. Since proper approval was not obtained from the prescribed authority, the section 148 proceedings were held unsustainable in law. The impugned reopening/reassessment was quashed and assessee's appeal was allowed. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767607