https://www.taxtmi.com/caselaws?id=465079 The ITAT set aside the reassessment on the ground of invalid notice under section 148. The notice for AY 2016-17 was issued on 29.07.2022, i.e., beyond three years from the end of the relevant assessment year, attracting section 151(ii) of the post-01.04.2021 regime. For such cases, prior approval must be obtained from the Principal Chief Commissioner, Principal Director General, Chief Commissioner or Director General. Here, approval was granted only by the PCIT, who is not the specified authority. Consequently, the section 148 notice and the section 147 reassessment were quashed. en-us Mon, 10 Feb 2025 00:00:00 +0530 Wed, 03 Dec 2025 17:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465079 The ITAT set aside the reassessment on the ground of invalid notice under section 148. The notice for AY 2016-17 was issued on 29.07.2022, i.e., beyond three years from the end of the relevant assessment year, attracting section 151(ii) of the post-01.04.2021 regime. For such cases, prior approval must be obtained from the Principal Chief Commissioner, Principal Director General, Chief Commissioner or Director General. Here, approval was granted only by the PCIT, who is not the specified authority. Consequently, the section 148 notice and the section 147 reassessment were quashed. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465079