https://www.taxtmi.com/caselaws?id=782858 Reassessment initiated within four years from the end of the assessment year required sanction from the authority specifically named by law; approval taken from the Principal Commissioner instead of the Joint Commissioner or Additional Commissioner failed the statutory condition and vitiated the reopening. The alleged share application money addition also failed on facts because the balance sheet did not show receipt of share capital or any increase during the year, and the assessment record did not identify the source of the funds, so the addition was unsustainable. Relief was granted to the assessee. en-us Thu, 21 Aug 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782858 Reassessment initiated within four years from the end of the assessment year required sanction from the authority specifically named by law; approval taken from the Principal Commissioner instead of the Joint Commissioner or Additional Commissioner failed the statutory condition and vitiated the reopening. The alleged share application money addition also failed on facts because the balance sheet did not show receipt of share capital or any increase during the year, and the assessment record did not identify the source of the funds, so the addition was unsustainable. Relief was granted to the assessee. Case-Laws Income Tax Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782858