ITAT Mumbai quashes reassessment for invalid Section 151(ii) approval

Ramlal G Suthar Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai ruled in favor of Ramlal G Suthar, quashing the reassessment order under Sections 147 r.w.s. 144B of the Income-tax Act, 1961. The dispute arose over the issuance of a notice under Section 148 for the assessment year 2017-18. The assessee argued that the approval for reassessment was granted by the Principal Commissioner of Income Tax (Pr. CIT) instead of the Principal Chief Commissioner, as required by Section 151(ii). The ITAT cited the Supreme Court’s decision in UOI vs. Rajiv Bansal and the coordinate be...