https://www.taxtmi.com/caselaws?id=783209 SC upheld the HC's decision quashing the reassessment proceedings for AY 2016-2017 under section 147. The HC had held that the mandatory prior approval under section 151 was obtained under clause (i) instead of clause (ii), which was the applicable provision for the case, rendering the sanction legally invalid. Consequently, the notice issued under section 148 and the ensuing reassessment were held without jurisdiction. Finding no error in the HC's reasoning, SC dismissed the revenue's special leave petition and affirmed the quashing of the reassessment. en-us Mon, 08 Dec 2025 00:00:00 +0530 Thu, 11 Dec 2025 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783209 SC upheld the HC's decision quashing the reassessment proceedings for AY 2016-2017 under section 147. The HC had held that the mandatory prior approval under section 151 was obtained under clause (i) instead of clause (ii), which was the applicable provision for the case, rendering the sanction legally invalid. Consequently, the notice issued under section 148 and the ensuing reassessment were held without jurisdiction. Finding no error in the HC's reasoning, SC dismissed the revenue's special leave petition and affirmed the quashing of the reassessment. Case-Laws Income Tax Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783209