The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessment cannot be re-opened without the approval of the designated authority under the Income Tax Act, 1961. The Assessing Officer initiated re-assessment proceedings against the assessee in the year 2014 by recording reasons and satisfaction that income has escaped assessment within […]
The post Re-Assessment without Approval of Designated Authority is without Jurisdiction: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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