ITAT Quashes Reassessment as Section 151 Approval Was Granted by Wrong Authority

Soft Zone Vs DCIT (ITAT Pune) The assessee filed an appeal before the Income Tax Appellate Tribunal (ITAT), Pune, against the order of the Commissioner of Income Tax (Appeals) [NFAC] for Assessment Year (AY) 2017-18. The principal challenge was to the validity of the reassessment proceedings, including the sanction granted under Section 151, the notice issued under Section 148, and the consequential reassessment order passed under Sections 147 read with 144B of the Income Tax Act. The assessee also challenged the addition of ₹1,08,71,550 as unexplained cash credit under Section 68 in respect...