Case Law Analysis
|Income Tax Appellate Tribunal
Section 148 IT Act | Approval Authority Must Align with Notice Timing: ITAT Delhi Quashes Reassessment for Wrong Competent Authority
ITAT Delhi ruled that reassessment notices under Section 148 of the Income Tax Act must be approved by the competent authority based on the timing of issuance. For notices issued after three years, only the Pr. Chief Commissioner-not the Pr. CIT-can grant approval. The Tribunal quashed the assessment order, reinforcing strict procedural compliance in tax reassessment.