Delhi HC Stays alleged Time Barred Section 148 Income Tax Notice

Filatex India Ltd Vs DCIT (Delhi High Court) The Delhi High Court issues a significant stay on an alleged time-barred Section 148 Income Tax notice concerning Assessment Year (AY) 2012-13. The petitioner, Filatex India Ltd, contends that the notice issued on 13.03.2023 is beyond the permissible time limits. Mr. Ajay Vohra, learned senior counsel representing the petitioner, bases the argument on specific computations and legal provisions, citing a relevant judgment from the Madras High Court. Detailed Analysis: The scrutiny assessment order for AY 2012-13 was passed on 16.03.2015, while a sear...