Notice for reopening of assessment issued on last date of limitation period is valid

Advertisement Raminder Singh Vs ACIT (Delhi High Court) Delhi High Court held that notice for reopening of assessment issued u/s. 148 of the Income Tax Act on the last date of the limitation period cannot be said be have been issued beyond the period of limitation. Facts- The petitioner, vide the present petition, has challenged a notice issued u/s. 148 of the Income Tax Act 1961 (‘the Act’) for reopening the assessment for the Assessment Year 2019-2020. The impugned notice indicated the transactions forming the basis of income that had escaped assessment, related to supplies from two p...