ITAT Delhi quashes reassessment for failure to issue section 143(2) notice

ITO Vs Ashish Gupta (ITAT Delhi) SIn a significant ruling concerning income tax reassessment procedures, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has dismissed an appeal filed by the Income Tax Officer (ITO) against Ashish Gupta, upholding the National Faceless Appeal Centre’s (NFAC) decision to quash reassessment proceedings for the Assessment Year 2015-16. The Tribunal’s order, pronounced on June 30, 2025, underscored the mandatory nature of issuing notices under Section 143(2) of the Income-tax Act, 1961, and furnishing reasons for reopening assessments, deeming thei...