Supreme Court Condones Delay in S.151 Matter on Sanction for Notice in Terms of Judgment in Rajeev Bansal Case

The Supreme Court condoned the delay in a Section 151 matter on sanction for notice, in terms of the judgment in the Rajeev Bansal case. Section 151 of the Income Tax Act deals with the requirement of sanction for issuing reassessment notices. The Supreme Court's decision follows its earlier ruling in the Rajeev Bansal case, which likely pertains to the procedural aspects of obtaining such sanction. This condonation of delay provides relief in cases where there was a delay in obtaining the necessary sanction.