ITAT Mumbai Quashes Reassessment Orders Due to Time-Barred Section 148 Notices

Advertisement Solar Packaging Private Limited Vs ITO (ITAT Mumbai) The appeals before the Income Tax Appellate Tribunal (ITAT), Mumbai, comprised cross appeals filed by both the assessee and the Revenue against the orders of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC) dated 18.06.2025 for Assessment Years (AYs) 2016-17 and 2017-18. The appeals arose from reassessment orders passed under Section 147 of the Income Tax Act, 1961, dated 18.05.2023 and 15.05.2023. Since both appeals involved the same assessee and identical facts and issues, they were heard and...