https://www.taxtmi.com/caselaws?id=462808 The Bombay HC quashed assessment proceedings for AY 2016-17 and 2017-18 due to improper sanction under Section 151 of the Income Tax Act, 1961. Following the precedent in Siemens Financial Services Private Limited, the court held that sanction should have been obtained under Section 151(ii) rather than Section 151(i), rendering the sanction invalid. Consequently, the court declared that notices issued based on invalid sanction were void, and assessment orders passed relying on such incorrect sanction were also quashed. The court extended this ruling to cover AY 2017-18 cases with similar circumstances. All consequential notices and demands issued under Sections 156 or 271 of the Act were also set aside as a result of the invalid underlying proceedings. en-us Tue, 17 Oct 2023 00:00:00 +0530 Wed, 16 Jul 2025 23:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462808 The Bombay HC quashed assessment proceedings for AY 2016-17 and 2017-18 due to improper sanction under Section 151 of the Income Tax Act, 1961. Following the precedent in Siemens Financial Services Private Limited, the court held that sanction should have been obtained under Section 151(ii) rather than Section 151(i), rendering the sanction invalid. Consequently, the court declared that notices issued based on invalid sanction were void, and assessment orders passed relying on such incorrect sanction were also quashed. The court extended this ruling to cover AY 2017-18 cases with similar circumstances. All consequential notices and demands issued under Sections 156 or 271 of the Act were also set aside as a result of the invalid underlying proceedings. Case-Laws Income Tax Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462808