Section 148 Notice Invalid Due to PCIT Approval From Incompetent Authority: Delhi HC

Cadence Real Estates Private Limited Vs ITO & Anr (Delhi High Court) Delhi High Court has quashed a reassessment notice and subsequent proceedings initiated by the Income Tax Department against Cadence Real Estates Private Limited for the assessment year (AY) 2016-17. The court’s decision, delivered in a writ petition, centered on a critical procedural lapse: the reassessment notice was issued without the prior approval of the statutorily mandated authority. The ruling aligns with a series of recent High Court judgments that have clarified the strict requirements for initiating reass...