ITAT Mumbai Nullifies Reassessment Due to Approval from PCIT Instead of PCCIT After 3 Years

Amaan Naeem Akhtar Ansari Vs ITO (ITAT Mumbai)

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in the case of Amaan Naeem Akhtar Ansari Vs ITO, set aside the reassessment proceedings and the consequential tax demand against the assessee for the Assessment Year (A.Y.) 2017-18. The Tribunal held that the reassessment order was a legal nullity because the Assessing Officer (AO) obtained the mandatory prior approval from the Principal Commissioner of Income Tax (PCIT) instead of the statutorily required Please become a Premium member. If you are already a Premium member, login here to access the full content.