Delhi ITAT: No ‘Asset’, No Reopening Beyond 3/6 Years; 148 Notices Quashed

Mirha Exports Pvt. Ltd. Vs DCIT (ITAT Delhi) Delhi ITAT Delivers Massive Relief in Post-Search Reassessments – No ‘Asset’, No Reopening Beyond 3/6 Years; 148 Notices & Assessments Quashed Across Multiple Years In a significant batch ruling involving search assessments of Mirha Exports Pvt. Ltd., the Delhi ITAT quashed reassessment proceedings for several years after holding that the Revenue cannot invoke section 148 beyond prescribed timelines unless strict statutory conditions are satisfied. The Tribunal dealt extensively with the amended post-2021 reassessment regime and repeat...