SC clarifies requirement for proper Section 151 sanction for AY 2016-17

ACIT Vs Sangeeta Sailesh Bhoolabhai (Supreme Court of India) Supreme Court of India has disposed of several tax-related Special Leave Petitions, referencing its earlier judgment in the case of “Union of India & Ors. vs. Rajeev Bansal.” The court stated that the present petitions are covered by the principles established in that ruling, and assessing officers are directed to address taxpayer objections accordingly. For cases pertaining to the Assessment Year 2016-2017, the court specifically applied its decision in “Siemens Financial Services Private Limited Vs. Deputy Com...