Income Tax Reassessment Quashed for Lack of Proper Sanction: ITAT Kolkata

Trinity Enclave Pvt. Ltd. Vs ITO (ITAT Kolkata) The appeal before the Income Tax Appellate Tribunal Kolkata arose from an order dated 02.05.2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, under section 250 of the Income Tax Act, 1961. The assessee challenged, inter alia, the validity of reassessment proceedings initiated under sections 147 and 148 of the Act, contending that the notice under section 148 was issued without a valid sanction under section 151. The assessee had filed its return of income for Assessment Year 2017–18 on 28.03...