Reassessment Notice Beyond 10 Years Limit: Delhi HC Quashes Notice u/s 149 of Income Tax Act [Read Order]

The Delhi HC quashed the reassessment notice, which was issued beyond the limitation prescribed under Section 149 of the Income Tax Act
Delhi High Court ruling - Income Tax reassessment - Section 148 notice - taxscan

In a recent ruling, the Delhi High Court quashed a reassessment notice issued under Section 148 of the Income Tax Act, 1961, as it was issued beyond the permissible 10-year limit under the amended Section 149 of the Income Tax Act. Janus Infrastructure Projects Pvt. Ltd. had filed a writ petition challenging the said notice…

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