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No Valid Service, No Reassessment: AY 2009-10 ₹418 Cr Addition Order Struck Down
Case Law Details
- Case Name
- ACIT Vs Highvista Buildcon P. Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs Highvista Buildcon P. Ltd. (ITAT Delhi)
Overview- The reassessment order for AY 2009-10 was quashed due to invalid service of the reopening notice under Section 148, rendering the proceedings legally void.
Facts-
Both Revenue and Assessee appealed against the CIT(A) order for AY 2009-10. The Revenue filed its appeal with a 26-day delay due to misplaced files, but the delay was condoned after considering reasonable cause and no serious objection from the assessee.
The Revenue challenged the deletion of a huge addition (₹418,33,73,058) made under section 68 for unexplained credits, wh...
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