https://www.taxtmi.com/caselaws?id=778286 ITAT held that reopening of assessment under section 147 initiated after three years was invalid because approval under section 151(ii) (new regime) was granted by an authority lacking jurisdiction. The Principal approval relied upon by revenue was held misconstrued despite reliance on higher-court guidance and administrative office memorandum. Consequently the assessment order framed under sections 147 read with 144/144B dated 10.03.2023 was quashed for want of valid jurisdiction to issue notice under section 148, and the revenue's appeal was dismissed as infructuous. en-us Fri, 27 Dec 2024 00:00:00 +0530 Thu, 11 Sep 2025 15:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778286 ITAT held that reopening of assessment under section 147 initiated after three years was invalid because approval under section 151(ii) (new regime) was granted by an authority lacking jurisdiction. The Principal approval relied upon by revenue was held misconstrued despite reliance on higher-court guidance and administrative office memorandum. Consequently the assessment order framed under sections 147 read with 144/144B dated 10.03.2023 was quashed for want of valid jurisdiction to issue notice under section 148, and the revenue's appeal was dismissed as infructuous. Case-Laws Income Tax Fri, 27 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778286