Income Tax Joint Commissioner cannot grant Reassessment Approvals relying on Rajeev Bansal SC Decision: Delhi HC

The Delhi High Court ruled that a joint commissioner cannot grant reassessment approvals based solely on the decision in the Rajeev Bansal case. The ruling clarified that reassessment approvals should not be granted without proper authorization and detailed investigation. The court emphasized that the decision in the Rajeev Bansal case cannot be applied indiscriminately to justify reassessments. The ruling aims to maintain the integrity of the reassessment process, ensuring that decisions are based on a clear, lawful procedure rather than reliance on a single precedent.