https://www.taxtmi.com/caselaws?id=798739 Reassessment notices issued under the substituted regime introduced by the Finance Act, 2021 require approval under Section 151(ii) where more than three years have elapsed from the end of the relevant assessment year. Approval by a Principal Commissioner is not valid for that period because Section 151(ii) limits sanctioning authority to the Principal Chief Commissioner, Principal Director General, Chief Commissioner, or Director General. Consequently, a notice issued under Section 148 on a Principal Commissioner's sanction is jurisdictionally defective, and the consequential reassessment proceedings lack jurisdiction. en-us Tue, 08 Sep 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798739 Reassessment notices issued under the substituted regime introduced by the Finance Act, 2021 require approval under Section 151(ii) where more than three years have elapsed from the end of the relevant assessment year. Approval by a Principal Commissioner is not valid for that period because Section 151(ii) limits sanctioning authority to the Principal Chief Commissioner, Principal Director General, Chief Commissioner, or Director General. Consequently, a notice issued under Section 148 on a Principal Commissioner's sanction is jurisdictionally defective, and the consequential reassessment proceedings lack jurisdiction. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798739