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

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Times of India
Rs 2 cr deposit, no ITR, Rs 2.51 cr addition; ITAT quashes case due to 5 day delayWorldPing
Image via Times of India.

What happened

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.

Key facts

  • 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.
  • Reported by Times of India and published Fri, 09 Oct 2026 04:33:29 UTC.

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What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Sources

The original report was published by Times of India. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Times of India

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