9911796707
TMI Blog2024 (10) TMI 1274X X X X Extracts X X X X X X X X Extracts X X X X ..... e of the assessee [ 2024 (5) TMI 1479 - BOMBAY HIGH COURT] wherein the assessment has been quashed because of invalid sanction obtained u/s 151 (ii) and not u/s 151(i). Therefore, no reason to interfere in the decision of the ld.CIT(A). Accordingly, all the grounds of the Revenue are dismissed. - Shri Amarjit Singh, Accountant Member And Shri Sandeep Singh Karhail, Judicial Member For the Assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reason to believe , there was escapement of income to the extent of difference amount of Rs. 92,12,500/- as mentioned above. Consequently, the case of the assessee was reopened by issuing notice u/s 148 of the Act along with the order u/s 148A(d) on 11th July, 2022 after obtaining the approval from Pr. CIT-17, Mumbai. The purchase consideration of the property was taken on the basis of the market ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 250 was issued on 07.02.2024 requiring the appellant to submit relevant documents in support of the grounds of appeal. Responding to the same on 04.06.2024, the appellant filed the copy of the order of the Hon'ble High Court of Judicature at Bombay in W.P. (L) No.15147 of 2024 dated 06.05.2024, wherein, the appellant is the petitioner. 4.4 As per the contents of the said order, the Hon'b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e appellant's own case, is binding on a lower appellate authority, the assessment order passed u/s 147 rws 144B is categorized to be an order passed without jurisdiction and hence the JAO is directed to delete the addition of Rs. 99,12,500/- and grant relief to the appellant. 4.6 However, the entire proceedings, would get revived if this order in W.P. (L) No. 15147 of 2024 is challenged before ..... X X X X Extracts X X X X X X X X Extracts X X X X
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