No Approval U/S 151, Reassessment Quashed: ITAT Dehradun

Uttarakhand Purv Kalyan Nigam Limited Vs ITO (ITAT Dehradun) Introduction: The Uttarakhand Purv Kalyan Nigam Limited challenged reassessment proceedings without Section 151 approval before the Income Tax Appellate Tribunal (ITAT) in Dehradun. The ITAT’s ruling, dated 28.11.2023, emphasizes the mandatory nature of obtaining approval under Section 151 for reopening assessments. Factual Background: The appeals arose from the Commissioner of Income Tax (Appeals)’s order against the Income Tax Officer’s reassessment for the Assessment Year 2011-12. The Assessee contested the denia...