ITAT Quashes Reassessment for Undated & Mechanical PCIT Approval

SGS Real Estates Private Limited Vs ACIT (ITAT Ranchi) Seal without Mind application is not satisfaction – Undated & Mechanical Approval u/s 151 Invalid – Reopening quashed Assessee  challenged the reopening of assessment for AY 2012-13 on the ground of invalid approval u/s 151.  AO had issued notice u/s 148 on 29.03.2019, allegedly based on approval granted by the PCIT. Assessee pointed out serious defects-  the approval was received by AO only on 01.04.2019, i.e., after the notice had already been issued; the approval form provided was initially unsigned; a later copy carried ...