https://www.taxtmi.com/caselaws?id=793039 Reassessment initiated after three years from the end of the relevant assessment year requires approval from the sanctioning authority prescribed under section 151 for that extended period. Because approval was obtained from the Principal Commissioner instead of the higher authority mandated by the substituted reassessment regime, the jurisdictional condition for reopening was not met. The reassessment notice and the assessment founded on it were therefore invalid and quashed in favour of the assessee, leaving the remaining grounds academic. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793039 Reassessment initiated after three years from the end of the relevant assessment year requires approval from the sanctioning authority prescribed under section 151 for that extended period. Because approval was obtained from the Principal Commissioner instead of the higher authority mandated by the substituted reassessment regime, the jurisdictional condition for reopening was not met. The reassessment notice and the assessment founded on it were therefore invalid and quashed in favour of the assessee, leaving the remaining grounds academic. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793039