https://www.taxtmi.com/caselaws?id=773006 ITAT held the reassessment notices and consequent proceedings invalid and quashed. The Pr. CIT's approval under s.151 was held non-authoritative and invalid because the word "may" in the approval showed no independent application of mind or mandatory satisfaction; mere signature without recorded satisfaction was insufficient. The tribunal found the reopening fell under the main limb of s.147 (not the four-year proviso), and both the AO and competent authority acted in undue haste contrary to statutory requirements. The assessee's appeal was allowed on this technical ground. en-us Thu, 15 May 2025 00:00:00 +0530 Mon, 10 Nov 2025 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773006 ITAT held the reassessment notices and consequent proceedings invalid and quashed. The Pr. CIT's approval under s.151 was held non-authoritative and invalid because the word "may" in the approval showed no independent application of mind or mandatory satisfaction; mere signature without recorded satisfaction was insufficient. The tribunal found the reopening fell under the main limb of s.147 (not the four-year proviso), and both the AO and competent authority acted in undue haste contrary to statutory requirements. The assessee's appeal was allowed on this technical ground. Case-Laws Income Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773006