Section 148A(b) provides minimum seven (7) days for filing response

Srivenkateshwar Tradex Private Limited Vs PCIT (Delhi High Court) Introduction: In a recent judgment, the Delhi High Court dealt with a case involving Srivenkateshwar Tradex Private Limited and the Principal Commissioner of Income Tax (PCIT). The matter pertained to the Assessment Year (AY) 2019-20 and revolved around notices issued under Section 148A(d) of the Income Tax Act, 1961 (the “1961 Act”). The court’s decision not only quashed the Income Tax notice but also emphasized the importance of adhering to statutory timeframes in such proceedings. Detailed Analysis: 1. Backg...