2026 (5) TMI 479

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....: Shri Ajay Kumar Arora, Sr. DR ORDER PER SANJAY AWASTHI, ACCOUNTANT MEMBER: 1. This appeal arises from order dated 27.11.2025, passed u/s 250 of the Income Tax Act, 1961 (hereafter as "the Act") by Ld. CIT(A)-NFAC, Delhi. In this case, the case was reopened on the ground that there was information of a theft amounting to Rs.300,60,000/- in the assessee's house, whereas the return was fil....

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....f the relevant assessment year. It was the submission that following the case of Rajeev Bansal (2024) (10) TMI 264-Supreme Court (LB), dated 03.10.2024, the approval should have been obtained from the Principal Chief Commissioner or Principal Director General or Chief Commissioner or Director General of Income Tax and certainly not the Principal Commissioner of Income Tax. It was pointed out that ....