https://www.taxtmi.com/caselaws?id=769935 The Tribunal invalidated the tax reassessment due to procedural defects in Section 151 approval. The consolidated approval lacked case-specific satisfaction, rendering the reopening of assessment under Section 147 invalid. The court followed precedents emphasizing the need for genuine application of mind by the competent authority. Consequently, the reassessment proceedings were quashed, and the assessee's appeal was allowed. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769935 The Tribunal invalidated the tax reassessment due to procedural defects in Section 151 approval. The consolidated approval lacked case-specific satisfaction, rendering the reopening of assessment under Section 147 invalid. The court followed precedents emphasizing the need for genuine application of mind by the competent authority. Consequently, the reassessment proceedings were quashed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769935