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Income Tax Reassessment Notice Quashed for Breaching 10-Year Limitation Rule
Case Law Details
- Case Name
- UCB Developers LLP Vs ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All High Courts, Delhi High Court
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UCB Developers LLP Vs ACIT (Delhi High Court)
The Delhi High Court considered a writ petition challenging notices dated 12.08.2024, 31.08.2024 and 17.06.2025 issued under Section 148 of the Income Tax Act, 1961 for Assessment Year (AY) 2015-16. The petitioner contended that the reassessment proceedings were barred by limitation under the second proviso to Section 149(1), as the notice was issued beyond the permissible ten-year period. Reliance was placed on earlier Division Bench decisions of the Court where similar notices for AY 2015-16 were held time-barred. The Revenue attempted to disting...
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