Delhi HC Sets Aside Late Reassessment Notices Following SC Guidance

Sarthak Gupta Vs ITO (Delhi High Court)

The Delhi High Court heard the petition filed by Sarthak Gupta seeking to quash the notice issued under Section 148 dated 26 July 2022 and the order passed under Section 148A(d) dated 25 July 2022 of the Income Tax Act, 1961, relating to Assessment Year (AY) 2014–15. The petitioner argued that the proceedings were time-barred in light of the Supreme Court’s ruling in Union of India & Ors. v. Rajeev Bansal [2024 INSC 754], which had been followed by the Delhi High Court in Mectech Knitfabs Pvt. Ltd. v. DCIT Circle 16(1),

Please become a Premium member. If you are already a Premium member, login here to access the full content.