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Hyderabad ITAT Quashes Reassessment for Want of Proper Section 151 Sanction
Case Law Details
- Case Name
- Light Chit Fund Pvt Ltd Vs ITO (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Hyderabad
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Light Chit Fund Pvt Ltd Vs ITO (ITAT Hyderabad)
Hyderabad ITAT Quashes Reassessment for Want of Proper Sanction under Section 151; Wrong Approval Authority Is a Jurisdictional Defect
The Hyderabad ITAT quashed the reassessment proceedings for AY 2018-19 after holding that the notice issued under section 148 and the order passed under section 148A(d) were invalid as they had been approved by the Principal Commissioner of Income-tax (PCIT) instead of the Principal Chief Commissioner/Chief Commissioner, the authority prescribed under section 151(ii) where more than three years had elapsed from th...
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