Delhi HC Quashed Reassessment Notice as Issued Beyond Six-Year Limitation Period

Wave Silver Tower Private Limited Vs ACIT (Delhi High Court) In Wave Silver Tower Private Limited Vs ACIT, the Delhi High Court examined the validity of a reassessment notice issued under Section 148 of the Income Tax Act, 1961 for Assessment Year 2016–17, along with related proceedings under Sections 148A(b) and 148A(d). The petitioner challenged the notice dated 30.08.2024 on the ground that it was barred by limitation. Read SC Judment in this case: SC Dismisses Appeal Due to Delay, Upholds Time-Barred Reassessment Notice Ruling The petitioner relied on earlier decisions of the Court as ...