https://www.taxtmi.com/caselaws?id=768479 ITAT Mumbai held that reassessment proceedings initiated after three years from the relevant assessment year were invalid due to improper approval under section 151(i). The approval dated 28.07.2022 for issuing notice under section 148A was obtained from Pr. Commissioner of Income Tax, Mumbai, which was not the specified authority required under section 151(ii). Consequently, the notice under section 148 and subsequent assessment order under section 147 were quashed as void-ab-initio. Decision favored the assessee. en-us Mon, 24 Mar 2025 00:00:00 +0530 Tue, 08 Apr 2025 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768479 ITAT Mumbai held that reassessment proceedings initiated after three years from the relevant assessment year were invalid due to improper approval under section 151(i). The approval dated 28.07.2022 for issuing notice under section 148A was obtained from Pr. Commissioner of Income Tax, Mumbai, which was not the specified authority required under section 151(ii). Consequently, the notice under section 148 and subsequent assessment order under section 147 were quashed as void-ab-initio. Decision favored the assessee. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768479