Delhi ITAT: No 10-Year 153C Reopening Without ₹50 Lakh Escaped Income

DCIT Vs Ankit Gupta HUF (ITAT Delhi) Delhi ITAT Upholds Quashing of 153C Notices Beyond 6 Years – Unless Escaped Income Exceeds ₹50 Lakh, Extended 10-Year Window Cannot Be Invoked The Delhi ITAT dismissed the Revenue’s appeals and upheld the CIT(A)’s order annulling assessments framed u/s 153C for AYs 2014-15 and 2015-16, holding that proceedings initiated beyond six assessment years were invalid where the alleged escaped income did not cross the statutory threshold of ₹50 lakh required for invoking the extended ten-year block. The Tribunal noted that the assessee had challenged ...