https://www.taxtmi.com/caselaws?id=463241 HC held reassessment for AY 2017-18 invalid where reopening occurred beyond three years and sanction was granted only by the PCIT. Court affirmed that TOLA 2020 does not alter identification of the competent authority under s.151, and sanction by PCIT alone is inadequate to sustain reassessment commenced after the three-year period; accordingly the reassessment action was set aside. en-us Mon, 24 Feb 2025 00:00:00 +0530 Mon, 18 Aug 2025 20:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463241 HC held reassessment for AY 2017-18 invalid where reopening occurred beyond three years and sanction was granted only by the PCIT. Court affirmed that TOLA 2020 does not alter identification of the competent authority under s.151, and sanction by PCIT alone is inadequate to sustain reassessment commenced after the three-year period; accordingly the reassessment action was set aside. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463241