https://www.taxtmi.com/caselaws?id=769113 ITAT Raipur quashed reassessment proceedings initiated beyond three years from the relevant assessment year. The tribunal held that sanction under section 151(ii) was granted by PCIT who lacked jurisdiction, as the specified authority under the new regime provisions should have granted approval for reopening beyond three years. Following SC precedent in Rajeev Bansal, the assessment order under sections 147, 144, and 144B was struck down for invalid assumption of jurisdiction due to improper sanctioning authority. en-us Mon, 23 Dec 2024 00:00:00 +0530 Fri, 18 Apr 2025 14:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769113 ITAT Raipur quashed reassessment proceedings initiated beyond three years from the relevant assessment year. The tribunal held that sanction under section 151(ii) was granted by PCIT who lacked jurisdiction, as the specified authority under the new regime provisions should have granted approval for reopening beyond three years. Following SC precedent in Rajeev Bansal, the assessment order under sections 147, 144, and 144B was struck down for invalid assumption of jurisdiction due to improper sanctioning authority. Case-Laws Income Tax Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769113