Case Law Details
Uttarakhand Purv Sainik Kalyan Nigam Limited Vs ITO (ITAT Dehradun)
In a crucial decision, ITAT Dehradun quashes reassessment in Uttarakhand Purv Sainik Kalyan Nigam Ltd vs. ITO case. Analysis of Section 151 approval absence and its implications.
Introduction: In a significant decision, the Income Tax Appellate Tribunal (ITAT) Dehradun ruled against the reassessment proceedings in the case of Uttarakhand Purv Sainik Kalyan Nigam Limited vs. ITO. The tribunal found the absence of Section 151 approval, making the reassessment void. Here’s a detailed analysis of the case.
Detailed Analysis:
1. Background of the Case: The appeals pertain to an assessment order challenged by Uttarakhand Purv Sainik Kalyan Nigam Limited (the Assessee) for the Assessment Year 2011-12. The primary contention was related to the validity of the reassessment proceedings initiated by the Income Tax Officer (ITO).
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