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Delhi ITAT: No 10-Year 153C Reopening Without ₹50 Lakh Escaped Income
Case Law Details
- Case Name
- DCIT Vs Ankit Gupta HUF (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Ankit Gupta HUF (ITAT Delhi)
Delhi ITAT Upholds Quashing of 153C Notices Beyond 6 Years – Unless Escaped Income Exceeds ₹50 Lakh, Extended 10-Year Window Cannot Be Invoked
The Delhi ITAT dismissed the Revenue’s appeals and upheld the CIT(A)’s order annulling assessments framed u/s 153C for AYs 2014-15 and 2015-16, holding that proceedings initiated beyond six assessment years were invalid where the alleged escaped income did not cross the statutory threshold of ₹50 lakh required for invoking the extended ten-year block.
The Tribunal noted that the assesse...
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