ITAT Mumbai Invalidates section 148 Reassessment Due to Wrong Approval

Indu Pankaj Dhandharia Vs ACIT (ITAT Mumbai)

ITAT Mumbai held that approval for issuance of notice to issue notice under section 148 of the Income Tax Act is required to be taken as per section 151. Taking wrong approval renders the reassessment proceedings invalid.

Facts- The assessee is an individual and the return thereof processed u/s. 143 (1) of the act and subsequently picked up for scrutiny under the limited scrutiny. Subsequently the assessee was issued a notice u/s. 148 of the income tax act on 30/6/2021 for the reason that as per the information a

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