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Rs 2 cr deposit, no ITR, Rs 2.51 cr addition; ITAT quashes case due to 5 day delay

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.

Rs 2 cr deposit, no ITR, Rs 2.51 cr addition; ITAT quashes case due to 5 day delay

We haven't written up this one. Times of India has the full story — the link below goes straight to it.

Read the original at timesofindia.indiatimes.com →

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