https://www.taxtmi.com/caselaws?id=462818 The ITAT Delhi quashed the entire reassessment proceedings after finding that the reopening of assessment was conducted without obtaining valid approval under section 151 of the Act from the competent authority as required by law. The tribunal held that the reassessment was invalid due to this procedural defect in assuming jurisdiction under section 147. Consequently, the assessee's Rule 27 Petition challenging the validity of the reassessment was allowed on this ground. Since the reassessment proceedings were quashed on jurisdictional grounds, the tribunal did not adjudicate the other legal grounds raised by the assessee or the revenue's arguments on merits, leaving these matters open for future consideration if necessary. en-us Thu, 17 Apr 2025 00:00:00 +0530 Thu, 17 Jul 2025 18:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462818 The ITAT Delhi quashed the entire reassessment proceedings after finding that the reopening of assessment was conducted without obtaining valid approval under section 151 of the Act from the competent authority as required by law. The tribunal held that the reassessment was invalid due to this procedural defect in assuming jurisdiction under section 147. Consequently, the assessee's Rule 27 Petition challenging the validity of the reassessment was allowed on this ground. Since the reassessment proceedings were quashed on jurisdictional grounds, the tribunal did not adjudicate the other legal grounds raised by the assessee or the revenue's arguments on merits, leaving these matters open for future consideration if necessary. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462818