Ratnakar Sales Promotion Pvt. Ltd. Vs Income Tax Officer, Ward-21(1), New Delhi-110002

Parties Involved

Facts Summary

This appeal by Ratnakar Sales Promotion Pvt. Ltd. for Assessment Year 2012-13 arises against the order of the Commissioner of Income Tax (Appeals)/NFAC, Delhi dated 01.02.2024, in proceedings under section 143(3) read with section 147 of the Income Tax Act, 1961. The primary issue in the case is the validity of the reopening of the assessment for want of a valid approval by the prescribed authority under section 151 of the Act. The approval dated 31.03.2019 by the prescribed authority accepted the Assessing Officer’s reopening proposal, but it was deemed mechanically approved, which vitiates the entire reopening.…

Legal Issues

• 1. Validity of the reopening of the assessment for want of a valid approval by the prescribed authority under section 151 of the Income Tax Act, 1961.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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