ITAT Agra Quashes Reassessment as Actual Escapement Was Below Rs. 50 Lakh Threshold

Adal Singh Vs ITO (ITAT Agra) Reassessment Notice Invalid Due to Non-Application of Mind in Section 151 Approval; ITAT Agra Holds Reopening Beyond Three Years Unsustainable Because Final Addition Was Only Rs.27 Lakh; ITAT Quashes Section 148 Proceedings Because Escapement Figure Changed Repeatedly During Proceedings; Section 151 Sanction Held Invalid Because AO Was Uncertain About Escaped Income Amount. The ITAT Agra allowed the appeal filed by the assessee for Assessment Year 2017-18 and quashed the reassessment proceedings initiated under Sections 147 and 148 of the Income Tax Act. The ass...