ITAT Raipur quashed reassessment notice for approval by incorrect authority

Keshri Rice Industries Vs DCIT (ITAT Raipur)

The ITAT Raipur has quashed a reassessment notice for AY 2016-17, ruling it was invalid due to a jurisdictional error where the approval was granted by an incorrect authority.

The ITAT Raipur, in the case of Keshri Rice Industries Vs DCIT, delivered a significant ruling on the procedural validity of a reassessment. The Tribunal allowed the assessee’s appeal, holding that the reassessment was invalid due to a fatal jurisdictional error in the approval process. The core of the dispute was whether the correct s

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