TMI BlogReopening of assessment u/s 147 - validity of sanction as accorded by PCIT - the Commissioner is...Reopening of assessment u/s 147 - validity of sanction as accorded by PCIT - the Commissioner is required to apply his mind to the proposal put up to him for approval in the light of the material relied upon by the Assessing Officer and the said power cannot be exercised casually and in a routine manner. In the said case, the Commissioner had simply mentioned “approved” while according sanction to the Assessing Officer to reopen the assessment and issue notice under Section 148 of the Act and the same was held to be without any application of mind - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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