Late by Days, Lost for Years: Time-Barred 148 Notice Quashed

Balaguru Rajamanickam Vs ITO (ITAT Chennai) Late by Days, Lost for Years: Time-Barred 148 Notice Quashed- Wrong Clock & Wrong Officer: Double Knock-Out for Revenue In Balaguru Rajamanickam Vs. ITO 9ITA Nos.2827 & 2828/Chny/2025, AYs 2015-16 & 2016-17, order dated 31.12.2025, Chennai ITAT allowed both appeals & quashed reassessments on jurisdictional grounds. For AY 2015-16, Assessee had not filed return & AO reopened assessment alleging unexplained cash deposits & credits. Tribunal held that notice u/s 148 dated 26.04.2022 was time-barred, as limitation under 1st provis...