Delhi HC Quashes Reassessment Over Improper Sanction

Rajesh Gupta HUF Vs ACIT & Ors (Delhi High Court)

Delhi High Court, in the case of Rajesh Gupta HUF Vs ACIT & Ors, has set aside a reassessment proceeding initiated by the Income Tax Department for the Assessment Year (AY) 2016-17. The court’s decision hinged on a finding that the sanction for the reassessment, accorded by the Principal Commissioner of Income Tax (PCIT), was invalid as per the statutory requirements of Section 151 of the Income Tax Act, 1961.

The petitioner had challenged the notice issued under Section 148A(b) of the Ac

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