Reopening Invalid for Want of Proper Approval – ITAT Quashes U/s 148 Notice

Polavarapu Basaveswara Rao Vs ITO (ITAT Hyderabad) Reopening Invalid for Want of Proper Approval – ITAT Quashes U/s 148 Notice The Hyderabad ITAT quashed the reassessment proceedings holding that approval from the correct authority under Section 151 is a jurisdictional requirement, and non-compliance renders the notice void. The notice under Section 148 was issued after 3 years from the end of the assessment year, but the Assessing Officer obtained approval only from the Principal Commissioner, whereas the law mandates sanction from higher authority (PCIT/CCIT/DGIT level) under Section 151(i...