ITAT Mumbai Quashed Reassessment Due to Wrong Assessment Year in Recorded Reasons

Vagad Visha Oswal Chovisi Mahajan Charitable Vs ADIT (ITAT Mumbai) The case concerns an appeal filed by the assessee, a trust, against an order dated 31.07.2025 passed by the National Faceless Appeal Centre (NFAC), Delhi for Assessment Year (AY) 2010–11. The primary issue raised in Ground Nos. 1 and 2 relates to the validity of reopening the assessment under Section 147 of the Income Tax Act, 1961, while the remaining grounds pertain to the merits of the additions made. The assessee had originally filed its return of income on 29.09.2010, declaring NIL income after claiming exemption. Subseq...