DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. JAYAPRIYA COMPANY, CHENNAI

In the result, appeal filed by the Revenue is dismissed and the\nCross-Objection filed by the assessee is allowed

reassessment or recomputation under this Act\nshall be passed by an Assessing Officer below the rank of Joint\nCommissioner, in respect of an assessment year to which clause (i) or\nclause (ii) or clause (iii) or clause (iv) of Explanation 2 to section 148\napply except with the prior approval of the Additional Commissioner or\nAdditional Director or Joint Commissioner