Rs 2 crore deposit, no ITR, Rs 2.51 crore addition; ITAT quashes because reassessment is 5 days late​on October 9, 2026 at 4:33 am

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.