Reopening of assessment beyond period stipulated u/s. 149(1) not permissible: Delhi HC

Sanjay Singhal Vs ACIT (Delhi High Court) Delhi High Court held that reopening of assessment under section 148 of the Income Tax Act beyond the period as stipulated under section 149(1) of the Income Tax Act is not permissible. Accordingly, notice issued beyond time limit set aside. Facts- Search and seizure operations were conducted by the Investigation Wing of the Income Tax Department on 07.04.2017, in Sharp Group of cases. The premises of the Assessee was also searched, and pursuant to the said operations, a notice u/s. 153A of the Act was issued to the Assessee on 09.07.2019. The assessme...