AY 2015-16 Reopening Invalid Because TOLA Benefit Not Available

ITO Vs Savita Aggarwal (ITAT Delhi) AY 2015-16 Reopening Time-Barred: TOLA Extension Not Available – Revenue Appeal Dismissed Delhi ITAT    held that reassessment proceedings initiated for AY 2015-16 were barred by limitation, as benefit of TOLA extension is not available for this assessment year. Though the Assessee had succeeded before NFAC on merits of addition u/s 68 relating to alleged bogus entries, Revenue carried the matter in appeal. Assessee, by way of Rule 27 application, raised an additional legal ground challenging the very jurisdiction of reopening on the ground of limitation...