ITAT Quashes AY 2015-16 Reassessment as Section 148 Notice Issued After 1 April 2021 Was Invalid

Last updated: 05 August 2026
Quick Summary
The Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings for Assessment Year (AY) 2015-16. This decision was based on a Section 148 notice issued on 29 June 2021, which was deemed invalid. The Tribunal followed the Supreme Court's ruling that notices issued after 1 April 2021 for AY 2015-16 could not be validly served under the relevant tax laws.

Court :
NEW DELHI

Brief :
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed the reassessment proceedings initiated against Vertex International Private Limited for Assessment Year (AY) 2015-16 after holding that the notice issued under Section 148 of the Income Tax Act on 29 June 2021 was not legally sustainable.

Citation :
ITA No. 204/Del/2026 (A.Y 2015-16)

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Mita Basak
Published in Income Tax
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