Reassessment Invalid If Approval Taken from PCIT Instead of JCIT: ITAT Mumbai

Sunidhi Securities & Finance Limited Vs DCIT (ITAT Mumbai)

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has allowed the appeal of Sunidhi Securities & Finance Limited, overturning a reassessment order for the Assessment Year 2015-16. The Tribunal ruled that the reassessment notice issued by the Deputy Commissioner of Income Tax (DCIT) was invalid due to a procedural defect in obtaining the required statutory sanction, rendering the subsequent assessment null and void.

The case originated from a reassessm

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