Section 270A Penalty Deleted as Bombay HC Quashed Section 148 Reassessment Notice: ITAT Mumbai

Advertisement Sambhav Pipes And Fittings Vs ITO (ITAT Mumbai) Mumbai ITAT Deletes Penalty U/s 270A as Bombay HC Quashes Reassessment Notice Issued by Jurisdictional AO The Mumbai ITAT allowed the assessee’s appeal and directed deletion of the penalty of ₹17,14,440 levied under Section 270A of the Income-tax Act for Assessment Year 2019-20. The assessee submitted that the Bombay High Court, in W.P. (L) No. 40898 of 2025 dated 16.12.2025, had set aside the notice issued under Section 148 and all proceedings arising from it on the ground that the notice had been issued by the Jurisdictiona...