https://www.taxtmi.com/caselaws?id=787919 Reassessment under section 151 was held invalid because the sanctioning authority had recorded satisfaction on the reasons placed before it, so the approval was not mechanical. The Tribunal also found that the Assessing Officer mischaracterised the receipt from compulsory acquisition: interest under section 28 of the Land Acquisition Act, 1894 forms part of enhanced compensation rather than ordinary interest for delay. On that material, reopening was not justified, and the objection to reassessment succeeded in favour of the assessee. en-us Tue, 20 Jan 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787919 Reassessment under section 151 was held invalid because the sanctioning authority had recorded satisfaction on the reasons placed before it, so the approval was not mechanical. The Tribunal also found that the Assessing Officer mischaracterised the receipt from compulsory acquisition: interest under section 28 of the Land Acquisition Act, 1894 forms part of enhanced compensation rather than ordinary interest for delay. On that material, reopening was not justified, and the objection to reassessment succeeded in favour of the assessee. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787919