https://www.taxtmi.com/caselaws?id=773211 ITAT Chennai quashed reassessment proceedings initiated under section 147 r.w.s. 144 and 144B dated 25.05.2023. The tribunal held that the Assessing Officer obtained prior approval from Principal Commissioner of Income Tax, Chennai-1, which was not the specified authority under clause (ii) of section 151. Since the notice under section 148 was issued after three years from the assessment year end, approval was required from PCCIT, not PCIT. The reassessment order was declared invalid due to improper prior approval, and the assessee's additional ground was allowed. en-us Tue, 17 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773211 ITAT Chennai quashed reassessment proceedings initiated under section 147 r.w.s. 144 and 144B dated 25.05.2023. The tribunal held that the Assessing Officer obtained prior approval from Principal Commissioner of Income Tax, Chennai-1, which was not the specified authority under clause (ii) of section 151. Since the notice under section 148 was issued after three years from the assessment year end, approval was required from PCCIT, not PCIT. The reassessment order was declared invalid due to improper prior approval, and the assessee's additional ground was allowed. Case-Laws Income Tax Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773211