Section 147/ 151: Sanction granted by superior officer is not relevant

PCIT Vs Khushbu Industries (Bombay High Court) Court held that where the Act provides for sanction by the Joint Commissioner of Income Tax in terms of section 151, then the sanction by the Commissioner of Income Tax would not meet the requirement of the Act and the reopening notice will be without jurisdiction. FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT This appeal under section 260-A of the Income Tax Act, 1961 (Act), challenges the order dated 19 October 2016 passed by the Income Tax Appellate Tribunal (Tribunal). The impugned order dated 19 October 2016 is in respect of assessment year 20...