https://www.taxtmi.com/caselaws?id=60473 The Tribunal allowed the appeal primarily due to the lack of valid sanction by the CBDT for initiating reassessment proceedings under section 148. The judgment emphasized procedural compliance and the necessity for proper approvals in tax assessment matters. The Tribunal reduced the addition from Rs. 98,535 to Rs. 45,000 based on valuation discrepancies and invalidated the notice under section 148 addressed to a deceased person. en-us Mon, 26 Dec 1988 00:00:00 +0530 Wed, 05 Jan 2011 14:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60473 The Tribunal allowed the appeal primarily due to the lack of valid sanction by the CBDT for initiating reassessment proceedings under section 148. The judgment emphasized procedural compliance and the necessity for proper approvals in tax assessment matters. The Tribunal reduced the addition from Rs. 98,535 to Rs. 45,000 based on valuation discrepancies and invalidated the notice under section 148 addressed to a deceased person. Case-Laws Income Tax Mon, 26 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60473