Wrong Sanction for Reopening Under Section 151 Invalidates Income-Tax Proceedings: Supreme Court Upholds Bombay HC Ruling

The article reports a Supreme Court judgment upholding that when a reopening of assessment under Section 151 of the Income Tax Act is based on a wrong sanction, the entire reassessment proceedings become invalid. The case reinforces the importance of proper procedural compliance before reopening tax assessments and protects taxpayer rights against invalid or flawed reassessments.