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Reassessment for AY 2015-16 Quashed as Time-Barred Under Law
Case Law Details
- Case Name
- Mittal Homes Pvt. Ltd. Vs ITO (ITAT Delhi)
- 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 Delhi
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Mittal Homes Pvt. Ltd. Vs ITO (ITAT Delhi)
Reassessment for AY 2015-16 Quashed as Time-Barred — ₹64 Lakh Section 68 Addition Set Aside Following Rajeev Bansal
The Delhi Bench of the ITAT allowed the appeal of Mittal Homes Pvt. Ltd. for AY 2015-16, holding that the notice issued under section 148 on 25.07.2022 was barred by limitation, and therefore the entire reassessment proceedings were without jurisdiction.
The reassessment was initiated based on search-related information alleging accommodation entries of ₹64 lakh. Although the AO followed the Ashish Agarwal procedur...
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