https://www.taxtmi.com/caselaws?id=472343 Section 151 approval for reassessment requires the competent authority to form and record independent satisfaction after considering the recorded reasons for reopening. A bare endorsement that a matter is fit for reopening, without demonstrable application of mind, is mechanical and fails the statutory safeguard. Reassessment initiated on that basis is invalid, and the reassessment proceedings were quashed in favour of the assessee. en-us Tue, 03 Dec 2024 00:00:00 +0530 Thu, 08 Oct 2026 13:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472343 Section 151 approval for reassessment requires the competent authority to form and record independent satisfaction after considering the recorded reasons for reopening. A bare endorsement that a matter is fit for reopening, without demonstrable application of mind, is mechanical and fails the statutory safeguard. Reassessment initiated on that basis is invalid, and the reassessment proceedings were quashed in favour of the assessee. Case-Laws Income Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472343