Delhi HC Invalidates Reassessment Notice, Upholds Section 149(1)(b) Time Limits

Dinesh Jindal Vs ACIT (Delhi High Court) In the case of Dinesh Jindal vs. ACIT (Delhi High Court), the central issue revolves around the validity of reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961 (the Act) for Assessment Year (AY) 2013-14. The initiation of reassessment was triggered by a search conducted on 9th February 2022 at M/s Proform Interiors Private Limited. The petitioner challenged this reassessment action primarily on grounds related to the applicability of limitation periods and procedural requirements under Sections 149, 153A, and 153C of the Act...