SC Upholds Quashing of Reassessments for Sanction Under Wrong Provision

ITO Vs Srichand Mandhyan (Supreme Court of India) Supreme Court considered a Special Leave Petition challenging an order passed by the Bombay High Court. After hearing the learned counsel for the parties and examining the material on record, the Supreme Court found no valid ground to interfere with the High Court’s decision. Accordingly, the Special Leave Petition was dismissed, and all pending applications, if any, were also disposed of. Read HC Judgment in this case:  Bombay HC Quashed Reassessment Notices Due to Invalid Sanction Under Wrong Provision The underlying judgment of the Bombay...