Reassessment notice based on Competent Authority approval without application of mind is invalid

DCIT Vs M/s Kanchan India Pvt. Ltd. (ITAT Jaipur) Notice of reassessment under section 148 issued on the basis of approval of Competent Authority without application of mind is invalid.  Conclusion: Since the approval granted by Pr. CIT to AO for reopening of assessment was clearly without application of mind and was not as per the mandate of the provision of section 151, therefore, notice issued u/s 148 on the basis of such approval and consequent assessment made on the basis of such notice were bad in law and deserved to be quashed. Held: AO of assessee without carrying out any further enqu...