PCIT’s mere “Yes” Not Valid Approval under Section 151: Delhi HC

PCIT Vs Pioneer Town Planners Pvt Ltd (Delhi High Court)

In a recent case before the Delhi High Court, the validity of a mere “Yes” by the Principal Commissioner of Income-tax (PCIT) as approval under Section 151 of the Income Tax Act was scrutinized. The court’s decision sheds light on the necessity of substantive satisfaction in reassessment proceedings.

Detailed Analysis

The crux of the matter lies in whether the PCI

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