Taxation And Other Laws Act, 2020 Does Not Alter Sanction Powers For Reopening Conferred U/s 151 Of Income Tax Act: Delhi High Court

The Delhi High Court clarified provisions under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act (TOLA) concerning the approval process for reopening tax assessments under Section 151 of the Income Tax Act. The court ruled that authorities must adhere to the correct approval process when reopening assessments, ensuring that the provisions of the TOLA Act are not misused. This decision provides clarity on the procedural requirements for reopening tax assessments and promotes fair tax administration.