Reassessment based on search-derived information without independent prior Section 151 sanction is invalid.
Reassessment based on search-derived information without independent prior Section 151 sanction is invalid. Issue Whether a reassessment order passed under Section 147 based on search information from a third party is sustainable when the Assessing Officer issued a notice under Section 148 without obtaining independent prior approval from the specified authority under Section 151. Facts… Read More »