2024 (5) TMI 1479

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..... u/s 151(i) - HELD THAT:- As Counsels state that the issue of improper sanction has been decided by this court in the case of Siemens Financial Services Private Limited [ 2023 (9) TMI 552 - BOMBAY HIGH COURT] wherein the court has held that for AY 2016-2017, the sanction should have been given under Section 151(ii) and not under Section 151(i) and consequently the sanction is invalid. The Court has .....

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..... e, JJ. For the Petitioner : Mr. Dharan V Gandhi a/w Mr. Darshan Gajra and Ms. Aanchal Vyas. For the Respondents-Revenue : Ms. Maansi Bhavnani a/w Ms. Sakshi Kapadia i/b Ms. Sushma Nagaraj. ORDER P.C. : 1 Ms Sushma Nagaraj undertakes to file vakalatnama within one week from today. Undertaking accepted. 2 This petition relates to Assessment Year 2017-18. 3 Counsels state that in this petition the is .....

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..... at assessment order having been passed relying on an incorrect sanction, will also have to be quashed. 4 Counsels further state that the findings in Siemens Financial Services Private Limited (supra) will squarely apply to this petition. Therefore, all notices and orders impugned in this petition are quashed and set aside. All consequential notices, assessment order and the consequential orders, i .....

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