Reassessment Notice Quashed: ITAT Mumbai Follows Vodafone Idea Ruling on Invalid Sanction

ITO Vs Samrat Madhav Paikrao (ITAT Mumbai)

Reassessment Notice Quashed – ITAT Mumbai Follows Vodafone Idea Ruling on Invalid Sanction

Revenue filed appeal against the NFAC order dated 29.05.2025 deleting addition made in reassessment u/s 147, while the Assessee filed cross-objection challenging the very validity of notice u/s 148 for AY 2018-19.

Assessee argued that the notice dated 05.04.2022 was issued beyond three years from the end of AY 2018-19 &  the approval was wrongly obtained from the PCIT, instead of the Prin

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