ITAT Mumbai Quashed Section 263 Revision as Reassessment Notice Lacked Proper Sanction

Shailesh Asalraj Jain Vs PCIT (ITAT Mumbai) The appeal before the Income Tax Appellate Tribunal, Mumbai Bench, concerned the validity of a revisionary order passed under Section 263 of the Income-tax Act, 1961 by the Principal Commissioner of Income Tax for Assessment Year 2018-19. The assessee challenged the order dated 31.03.2025 through which the Principal Commissioner set aside the action of the Assessing Officer (AO) and remitted the matter back for fresh consideration. The assessee argued that the order passed under Section 263 was illegal, without jurisdiction, and invalid because there...