‘Yes, I Am Satisfied’ not enough – ITAT Delhi says no to mechanical sanction

Sudershan Trading Pvt. Ltd. Vs ITO (ITAT Delhi) Range Head was “Satisfied”, But Tribunal wasn’t – Reopening quashed – “Yes, I Am Satisfied” not enough – ITAT Delhi says no to mechanical sanction Assessee challenged the validity of reopening of assessment under Sections 147/148 for AY 2012–13 due to lack of proper approval u/s 151. The first & foremost issue of validity of the impugned section 148/147 reopening itself for want of a valid approval of the prescribed authority under section 151 of the Act. Assessee invited Tribunal’s attention to AO’s corresponding r...