Bombay HC Quashed Reassessment Notices Due to Invalid Sanction Under Wrong Provision

Adil Aspi Engineer Vs ITO (Bombay High Court) The Bombay High Court disposed of multiple writ petitions relating to Assessment Years 2016–2017 and 2017–2018, where one of the key grounds raised was the issue of improper sanction for reopening assessments under the Income Tax Act, 1961. The Court noted that this issue had already been conclusively decided in an earlier judgment, which held that for Assessment Year 2016–2017, sanction for issuance of notice ought to have been granted under Section 151(ii) and not under Section 151(i) of the Act. Since the sanction had been obtained under a...