ITAT Delhi quashes reassessment Due to Unsigned Section 151 Approval

Space Kraft Infrastructure Private Limited Vs ITO (ITAT Delhi) The assessee appealed against the order dated 30.08.2025 of the Commissioner of Income Tax (Appeals)-30, New Delhi, which had upheld a reassessment order passed under Section 147 for Assessment Year 2020-21. The assessee had originally filed its return on 09.02.2021 declaring nil income and book profit of Rs. 5,997 under MAT. Reassessment proceedings were initiated based on information obtained during a search conducted on 17.11.2021 in the Galaxy Group and certain entry operators, indicating that the assessee had allegedly receive...