PCCIT’s or Director General’s Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]
Recognizing the AO’s mistake in getting the approval, ITAT quashed the reassessment proceedings
By Kavi Priya - On October 4, 2024 4:19 pm - 2 mins read
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings because the approval was wrongly obtained from the Principal Commissioner of Income Tax ( PCIT ) instead of the Principal Chief Commissioner of Income Tax ( PCCIT ) or Director General of Income Tax ( DGIT ). The ITAT ruled that…
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