Habicon Estate Pvt. Ltd. vs. ITO
Case No: ITA No.2327/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench 'A', New Delhi
Bench: Delhi Bench 'A', New Delhi
Date: 2/13/2026
Parties Involved
appellantHabicon Estate Pvt. Ltd.
respondentITO
Facts Summary
The assessee filed return of income on 30.11.2014 declaring income of Rs. 10,98,826/- for Assessment Year (‘AY’) 2014-15. The case was reopened by issuing a notice u/s 148 dated 30.06.2021 under the old regime. The assessee filed a return on 06.01.2023 declaring the same income. After considering the reply filed by the assessee, order u/s 148A(d) of the Act was issued on 19.07.2022. The Assessing Officer made an addition of Rs. 1 crore u/s 68 r.w.s. 115 BBE of the Act. Aggrieved by the Assessmen…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notice issued u/s 148 of the Act dated 19.07.2022 is barred by limitation.
Precedents Relied Upon
4 precedents cited in this judgement.