ITAT Mumbai Quashed Reassessment Due to Invalid Notice Under Extended Limitation

Jasaram K. Rathod Vs ITO (ITAT Mumbai) Income Tax Appellate Tribunal, Mumbai considered an appeal filed by the assessee against an order dated 23 July 2025 passed by the National Faceless Appeal Centre under Section 250 of the Income Tax Act, 1961, for Assessment Year (AY) 2013–14. The assessee had originally filed his return of income on 1 November 2013 declaring total income of ₹16,97,210. The assessment was later reopened by the Assessing Officer (AO) by issuing a notice dated 30 March 2021 under Section 148 on the ground that the assessee had allegedly made a cash payment of ₹22,50,0...