https://www.taxtmi.com/caselaws?id=772607 The SC examined the validity of reopening an income tax assessment under section 147 beyond four years without obtaining prior approval from the PCIT/CIT as mandated by section 151(1). The Court found the reopening invalid due to lack of competent authority's approval, thereby quashing the assessment order. The appeal was allowed, establishing that strict procedural compliance is essential for reassessments initiated after the four-year period. en-us Mon, 09 Jun 2025 00:00:00 +0530 Wed, 11 Jun 2025 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772607 The SC examined the validity of reopening an income tax assessment under section 147 beyond four years without obtaining prior approval from the PCIT/CIT as mandated by section 151(1). The Court found the reopening invalid due to lack of competent authority's approval, thereby quashing the assessment order. The appeal was allowed, establishing that strict procedural compliance is essential for reassessments initiated after the four-year period. Case-Laws Income Tax Mon, 09 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772607