Appending phrase ‘Yes’ by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]

Appending - PCIT - approval - Income Tax Act - Delhi HC - taxscan

In a significant ruling the Delhi High Court observed that appending phrase ‘Yes’ by the Principal Commissioner of Income Tax ( PCIT ) is not valid approval under Section 151 of the Income Tax Act, 1961. The respondent-assessee filed its income tax return [“ITR”] which was processed in accordance with Section 143(1) of the Income…

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