ITAT Quashes Reassessment Notices Over Improper Sanction Post-Finance Act, 2021

Sampark Management Consultancy LLP Vs DCIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside reassessment notices issued to Sampark Management Consultancy LLP for the assessment years 2016-17 and 2017-18. The Tribunal’s decision, pronounced on June 25, 2025, primarily hinges on the finding that the notices were issued with an invalid sanction from an incompetent authority, in contravention of the amended provisions of Section 151 of the Income-tax Act, 1961, as substituted by the Finance Act, 2021. Case Background Sampark Management Consultancy LLP had filed i...