Reassessment Notice Quashed: ITAT Mumbai Follows Vodafone Idea Ruling on Invalid Sanction

ITO Vs Samrat Madhav Paikrao (ITAT Mumbai) Reassessment Notice Quashed – ITAT Mumbai Follows Vodafone Idea Ruling on Invalid Sanction Revenue filed appeal against the NFAC order dated 29.05.2025 deleting addition made in reassessment u/s 147, while the Assessee filed cross-objection challenging the very validity of notice u/s 148 for AY 2018-19. Assessee argued that the notice dated 05.04.2022 was issued beyond three years from the end of AY 2018-19 &  the approval was wrongly obtained from the PCIT, instead of the Principal Chief Commissioner (PCCIT) as mandated by Section 151(1) (prio...