Delhi HC Upholds Reassessment Notice as TOLA Extended Limitation Period

Salil Gulati Vs ACIT (Delhi High Court) In the case of Salil Gulati Vs ACIT, the petitioner challenged the order passed under Section 148A(d) of the Income Tax Act, 1961 and the notice issued under Section 148 dated 30 July 2022 for Assessment Year 2013-14. The petitioner also challenged the constitutional validity of CBDT Instruction No.1/2022 dated 11 May 2022, particularly the portion dealing with operation of amended Section 149 and reopening of past assessment years. The petitioner argued that the impugned notice was barred by limitation. It was contended that under amended Section 149(1)...