Cash Deposit Reassessment Set Aside for Lack of Valid Sanction: ITAT Delhi

Rakesh Divedi Vs ITO (ITAT Delhi)

“Yes, I Am Satisfied’ Is Not Sanction: ITAT Quashes Reassessment for Mechanical Approval under Section 151

The Delhi Bench of the Income Tax Appellate Tribunal allowed the assessee’s appeal for AY 2009-10 and quashed the entire reassessment proceedings, holding that the sanction grante

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