ITAT Quashes Reassessment: Notice Dated in March but Served in April Held Invalid

DCIT Vs RBA Buildtech Pvt. Ltd. (ITAT Delhi) Old Law, New Date; Can’t Beat the Clock- Dispatch Delay Proves Fatal-Notice dated in March but served in April- Reassessment Invalid-  ITAT Delhi Quashes ₹48 Cr Reassessment – ITAT Delhi Holds Reassessment Void Ab Initio Revenue filed an appeal against the order of CIT(A) deleting additions made u/s 68 on account of unsecured loans aggregating to ₹48.30 crores received from group concerns.  Assessee, in turn, raised a legal plea under Rule 27 of ITAT Rules, contending that the reassessment itself was invalid since the notice issued u/s...