The Income Tax Appellate Tribunal (ITAT), Chennai, has quashed a reassessment involving Rs 2.51 crore additionals after holding that the Income Tax Department had issued the reopening notice after the statutory time limi…
The Income Tax Appellate Tribunal (ITAT), Chennai, has quashed a reassessment involving Rs 2.51 crore additionals after holding that the Income Tax Department had issued the reopening notice after the statutory time limit had already expired.
Source: The Times of India — Top Stories
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- Wire dispatch directly ingested from Times of India.
- Published at Fri, 09 Oct 2026 04:33.
- Source URL: https://timesofindia.indiatimes.com/business/india-business/man-had-rs-2-crore-bank-deposit-and-didnt-file-itr-faced-rs-2-51-crore-tax-addition-itat-chennai-quashes-reassessment-after-income-tax-department-missed-6-year-deadline-by-5-days/articleshow/134799653.cms