Bombay HC Quashes Reassessment Due to Invalid Sanction by lower authority

Agnello Oswin Dias Vs ACIT (Bombay High Court) The Bombay High Court has quashed a reassessment notice issued to Agnello Oswin Dias for the Assessment Year (AY) 2018-2019, ruling that the sanction for the notice was invalid. The core of the court’s decision centered on a procedural error by the tax authorities: the sanction was granted by the Principal Commissioner of Income Tax (PCIT) instead of the legally required Principal Chief Commissioner of Income Tax (PCCIT). The petitioner, Agnello Oswin Dias, challenged a notice issued under Section 148 of the Income Tax Act, 1961, and the cor...