Saif Ali Khan Wins Tax Appeal as ITAT Mumbai Strikes Down Defective Reassessment

Saif Ali Mansoor Ali Khan Pataudi Vs CIT(A) (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, has allowed the appeal filed by Bollywood actor Saif Ali Mansoor Ali Khan Pataudi, quashing the entire reassessment proceedings for the Assessment Year (A.Y.) 2016-17 on legal grounds. The Tribunal held that the Assessing Officer (AO) had failed to obtain the mandatory higher-level approval required for reopening an assessment after the stipulated three-year period, rendering the subsequent notice and assessment order void ab initio. Background of the Case The case involved the reassessm...