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2013 (12) TMI 72 - ALLAHABAD HIGH COURTvalidity of re-assessment u/s 147 - Necessary sanction as required by Section 151 (2) of the Act, was not obtained for initiation of re-assessment - Held that:- There was a approval dated 08/5/2010 by Joint Commissioner, Income Tax which has been mentioned in the assessment order itselfAs per explanation to section 151 added by Finance Act, 2008 with retrospective effect - It is not necessary that the Joint Commissioner himself may issue notice - The explanation which was added was not available when the Tribunal decided the matter - The explanation covers this issue - Decided in favour of Revenue.
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