ITAT Mumbai Quashes Reassessment for Wrong Sanction by Incorrect Authority Under Section 151

Arvindbhai Khatri Sons Designs Private Limited Vs ACIT (ITAT Mumbai) The appeal arose from the appellate order dated 18.08.2025 passed by the Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre, Delhi, in relation to reassessment proceedings under sections 147 read with 144 of the Income-tax Act, 1961 for Assessment Year 2017-18. The reassessment order dated 29.05.2023 was challenged by the assessee. The assessee had originally filed its return of income declaring total income of Rs. 75,15,530. Subsequently, the Assessing Officer (AO) received information regarding substantial...