Reopening Beyond 10 Years Void: ITAT Delhi Quashes ₹2.25 Cr Assessment

ACIT Vs Helios Infrastructure & Projects Limited (ITAT Delhi)  148 Notice Beyond 10-Year Block Void- Satisfaction Note Date Replaces Search Date for Limitation- Time-Barred Reopening Invalid – ITAT Delhi Deletes ₹2.25 Cr Assessment The case arose from search in Filatex Group on 01.09.2021, pursuant to which AO issued notice u/s 148 on 31.03.2023 for AY 2012-13. Assessment was completed u/s 147 r.w.s. 143(3) on 26.03.2024 determining income of ₹2.25 Cr against returned loss of ₹36,838. Before CIT(A), Assessee contended that notice u/s 148 was time-barred since AY 2012-13 fell beyon...