The Delhi High Court quashed the time-barred notice issued under section 142 (1) of the Income Tax Act, 1961. SMC Comtrade Ltd, the petitioner/assessee challenged the notice (“first notice”) issued under Section 143(2) and the notice issued under Section 142(1) of the Income-tax Act, 1961 [ “Act”] [“second notice”]. The petitioner’s/assessee’s principal submission, in support of…
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