Income Tax Reassessment Quashed Due to Approval from wrong Authority: ITAT Pune

Somnath Kannure Vs ITO (ITAT Pune) The decision of the Income Tax Appellate Tribunal, Pune Bench, concerns the validity of reassessment proceedings initiated under Sections 148 and 148A(d) of the Income Tax Act for Assessment Year 2017–18. The assessee, a proprietor engaged in a grocery business for over twenty years, had originally filed the return of income on 07/11/2017. Subsequently, reassessment proceedings were initiated through notice under Section 148 dated 28/07/2022, along with an order under Section 148A(d) of the same date, approved by the Principal Commissioner of Income Tax, Pu...