Delhi HC Quashes Reassessment Notice Beyond 10 Years for AY 2014-15

Janus Infrastructure Projects Private Limited Vs ACIT (Delhi High Court)

The Delhi High Court addressed a writ petition filed by Janus Infrastructure Projects Private Limited challenging a reassessment notice dated February 6, 2024, issued under Section 148 of the Income Tax Act, 1961. This notice sought to reassess the petitioner’s income for the Assessment Year 2014-15. The court noted that since the notice was issued after April 1, 2021, the amended reassessment regime applied. Under this regime, particularly the First Proviso to Section 149(1),

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