AdvertisementITO Vs Vasani Infrastructure (ITAT Ahmedabad) Ahmedabad ITAT: Reassessment Passed Beyond Limitation Under Section 153 Is Void; Entire Addition Fails Once Assessment Is Time-Barred The Ahmedabad ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order annulling the reassessment, holding that a reassessment order passed beyond the statutory limitation prescribed under Section 153 is void, and consequently the additions made therein automatically cease to survive. The reassessment was initiated on the basis of documents seized during a search in the case of the Venus Group, a...