ITAT Quashes Reassessment for Defective Approval Under Section 151: Changing Escapement Figures Showed Non-Application of Mind In an important ruling concerning reassessment proceedings under sections 148 and 151 of the Income Tax Act, the Agra Bench of the Income Tax Appellate Tribunal (ITAT) has held that sanction granted under section 151 becomes legally unsustainable…
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