Allowing the appeal of the assessee , the Tribunal held that , Sanction granted by writing “Yes, I am satisfied” is not sufficient to comply with the requirement of s. 151 because it means that the approving authority has recorded satisfaction in a mechanical manner and without application of mind. Reassessment is bad in law . ( ITA No.132/Del/2018, dt. 06-08-2018) ( AY. 2009-10)
[Click here to download PDF file]http://itatonline.org/archives/wp-content/uploads/Pioneer-Town-Planners-147-151.pdf