Reassessment for AY 2015-16 Quashed as Time-Barred Under Law

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 procedure and passed an o...