Case Law Analysis
|Income Tax Appellate Tribunal
Section 151(ii) Income Tax Act | Approval Beyond Three Years Must Come from Principal Chief Commissioner : ITAT Delhi Quashes Reassessment
ITAT Delhi sets aside a reassessment order for AY 2017-18, ruling that if more than three years have elapsed since the original assessment, approval under Section 151(ii) must be granted by the Principal Chief Commissioner-not the Principal Commissioner-to validate proceedings. The decision reinforces strict compliance with statutory approval hierarchies in tax reassessment cases.