Wrong Authority Approval Invalidates Reopening Beyond Three Years

Krishna Enterprises Vs ITO (ITAT Bangalore) Wrong Sanction, Wrong Authority & One-Line Bulk Approval: ITAT Bangalore Quashes Reassessments for AYs 2014-15, 2016-17 & 2017-18 Bangalore ITAT  allowed all three appeals filed by Shri Krishna Enterprises for AYs 2014-15, 2016-17 & 2017-18 and quashed the reassessment proceedings in entirety on the ground of invalid sanction u/s 151. For AYs 2016-17 & 2017-18, the Tribunal held that since more than three years had elapsed from the end of the relevant assessment years, sanction for reopening was mandatorily required from the Principa...