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Reassessment Quashed Citing Invalid Sanction from Incompetent Authority Beyond 3 Year Limit: ITAT 

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The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings for Assessment Year 2018–19, holding that the reopening of assessment was legally unsustainable due to sanction being obtained from an authority not competent under the law.  The bench of Justice (Retd.) C.V. Bhadang (President) and Arun Khodpia (Accountant Member) observed that…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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