Bombay HC Quashes Reassessment for approval from wrong authority

Alag Property Construction Private Limited Vs ACIT (Bombay High Court) In Alag Property Construction Private Limited v. Assistant Commissioner of Income Tax (Bombay High Court), the petitioner challenged the reassessment proceedings for Assessment Year (A.Y.) 2017–18, particularly the order dated 18 August 2022 passed under Section 148A(d) and the notice dated 23 August 2022 issued under Section 148 of the Income Tax Act, 1961. The petitioner argued that these were invalid because the Assessing Officer (AO) had obtained prior approval from the wrong authority, in violation of Section 151 of ...