Monetary Limit of Rs. 50 Lakhs not applicable to Notice u/s 148 unless Time Barred: Delhi HC dismisses Writ Petition by Assessee [Read Order]

Monetary Limit - Notice - Delhi HC - dismisses - Assessee - TAXSCAN

In a recent decision of a Division Bench of the Delhi HIgh Court, it was held in favour of the Income Tax Department that, a notice served to the assessee under Section 148 of the Income Tax Act, 1961 need not meet the monetary requirement of Rs. 50 Lakhs if the issuance of notice was…

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