Reassessment Quashed for Invalid Approval Beyond 4 Years from PCIT

DCIT Vs Assure Jewels Pvt. Ltd. (ITAT Delhi)

Improper Approval Renders Reopening Invalid for AY 2015-16- Approval Beyond 4 Years Must Be from Principal Commissioner – ITAT Upholds Quashing of Reassessment

Revenue filed appeal against the order of CIT(A), Delhi dated 29.04.2024, whereby reassessment initiated u/s 147 was quashed on the ground of invalid approval u/s 151.

AO had recorded reasons on 19.10.2020 & issued notice b after obtaining sanction from the Joint Commissioner of Income Tax, Central Range-IV, De

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