Bombay HC Quashed Reassessment Notice to Linkedin as Approval Granted by Incorrect Authority

Linkedin Singapore PTE. Ltd. Vs ACIT (Bombay High Court) The case before the Bombay High Court concerned the validity of approval granted under Section 151 of the Income Tax Act, 1961 for initiating reassessment proceedings for Assessment Year 2019–20. The Court observed that the facts were similar to a prior decision in Kartik Sureshchandra Gandhi v. Assistant Commissioner of Income Tax. In the present case, the approval form indicated in Box-9 that the proceedings were covered under Section 149(1)(b), i.e., beyond three years but within ten years. The petitioner contended that in such case...