https://www.taxtmi.com/caselaws?id=802609 Prior sanction from the authority specified under section 151 of the Income-tax Act is a jurisdictional condition for reassessment. The competent authority depends on the time elapsed from the end of the assessment year. Once the applicable period for sanction by the Principal Commissioner has expired, sanction from the higher specified authority is required. The proviso inserted in 2023 operates prospectively. Section 292B does not cure a jurisdictional defect arising from sanction by an incompetent authority, and such a defect invalidates the reassessment notice and consequent assessment. en-us Thu, 08 Oct 2026 00:00:00 +0530 Thu, 12 Nov 2026 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802609 Prior sanction from the authority specified under section 151 of the Income-tax Act is a jurisdictional condition for reassessment. The competent authority depends on the time elapsed from the end of the assessment year. Once the applicable period for sanction by the Principal Commissioner has expired, sanction from the higher specified authority is required. The proviso inserted in 2023 operates prospectively. Section 292B does not cure a jurisdictional defect arising from sanction by an incompetent authority, and such a defect invalidates the reassessment notice and consequent assessment. Case-Laws Income Tax Thu, 08 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802609