https://www.taxtmi.com/highlights?id=93691 ITAT held that reassessment proceedings were invalid where the notice dated 19-07-2022 for A.Y. 2016-17 was issued beyond the three-year period without prior sanction from the authority specified under section 151 of the Act. Because the requisite sanction should have been accorded by the Principal Chief Commissioner or Principal Director General (or, in their absence, Chief Commissioner or Director General), the notice issued with approval only of the Principal Commissioner was vitiated for lack of competent prior approval. The Tribunal allowed the appellant's appeal, quashed the reassessment notice and set aside consequential proceedings as without jurisdiction. en-us Thu, 30 Oct 2025 08:22:06 +0530 Thu, 30 Oct 2025 08:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93691 ITAT held that reassessment proceedings were invalid where the notice dated 19-07-2022 for A.Y. 2016-17 was issued beyond the three-year period without prior sanction from the authority specified under section 151 of the Act. Because the requisite sanction should have been accorded by the Principal Chief Commissioner or Principal Director General (or, in their absence, Chief Commissioner or Director General), the notice issued with approval only of the Principal Commissioner was vitiated for lack of competent prior approval. The Tribunal allowed the appellant's appeal, quashed the reassessment notice and set aside consequential proceedings as without jurisdiction. Highlights Income Tax Thu, 30 Oct 2025 08:22:06 +0530 https://www.taxtmi.com/highlights?id=93691