https://www.taxtmi.com/caselaws?id=795348 Reassessment initiated more than three years after the end of the relevant assessment year required approval under section 151(ii) from the Principal Chief Commissioner, Principal Director General, Chief Commissioner, or Director General. Approval by a Principal Commissioner, who was not a specified authority, did not confer valid jurisdiction. The Finance Act 2023 proviso excluding time allowed under section 148A(b) was not in force when the notice was issued and could not operate retrospectively. Section 292BC could not cure approval by an unauthorised authority. Consequently, the reassessment and resulting assessment were quashed. en-us Fri, 10 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795348 Reassessment initiated more than three years after the end of the relevant assessment year required approval under section 151(ii) from the Principal Chief Commissioner, Principal Director General, Chief Commissioner, or Director General. Approval by a Principal Commissioner, who was not a specified authority, did not confer valid jurisdiction. The Finance Act 2023 proviso excluding time allowed under section 148A(b) was not in force when the notice was issued and could not operate retrospectively. Section 292BC could not cure approval by an unauthorised authority. Consequently, the reassessment and resulting assessment were quashed. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795348