https://www.taxtmi.com/caselaws?id=462953 The ITAT Mumbai held that the reassessment notice issued under section 148 for AY 2017-18 was invalid as it was issued beyond the three-year limitation period, extended to 30.06.2021 by TOLA. The approval for issuing the notice was granted by the Principal Commissioner instead of the specified authority (Principal Chief Commissioner or equivalent) as required under amended section 151(ii). Since proper sanction was not obtained, the notice under section 148 was held to be bad in law. Relying on Supreme Court precedents, the tribunal allowed the assessee's appeal. en-us Tue, 24 Dec 2024 00:00:00 +0530 Sat, 26 Jul 2025 21:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462953 The ITAT Mumbai held that the reassessment notice issued under section 148 for AY 2017-18 was invalid as it was issued beyond the three-year limitation period, extended to 30.06.2021 by TOLA. The approval for issuing the notice was granted by the Principal Commissioner instead of the specified authority (Principal Chief Commissioner or equivalent) as required under amended section 151(ii). Since proper sanction was not obtained, the notice under section 148 was held to be bad in law. Relying on Supreme Court precedents, the tribunal allowed the assessee's appeal. Case-Laws Income Tax Tue, 24 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462953