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AY 2015-16 Reassessment Void as Post-2021 Notices Are Time-Barred
Case Law Details
- Case Name
- Damanjeet Singh Oberoi Vs DCIT (ITAT Raipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Raipur
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Damanjeet Singh Oberoi Vs DCIT (ITAT Raipur)
AY 2015-16 Reassessment Collapses : ITAT Raipur Quashes ₹1 Cr Cash Addition as 148 Notices Issued Post-01.04.2021 Are Void
The Raipur Bench of the ITAT in Damanjeet Singh Oberoi vs. DCIT, Circle-1(1), Raipur [ITA No.317/RPR/2025, AY 2015-16, order dt. 01-01-2026] allowed the Assessee’s appeal and quashed the entire reassessment proceedings, including the addition of ₹1,00,00,000/- made u/s 69A on alleged cash receipts from the Babylon Group.
The case originated from a survey u/s 133A conducted in the case of Babylon Group, dur...




