ITAT Delhi Quashes Reopening Beyond Six Years After Search

DCIT Vs Alsorg Interiors India Private Limited (ITAT Delhi) Search-Based Reassessments Beyond Six Years Quashed; Revenue Appeals Dismissed The Delhi Bench of the ITAT dismissed the Revenue’s appeals and upheld the order of the CIT(A) holding the reassessment orders for AYs 2012-13 to 2015-16 in the case of Alsorg Interiors India Private Limited as barred by limitation. The Tribunal noted that a search under section 132 was conducted on 09.02.2022, pursuant to which notices under section 148 were issued on 16.01.2023 for AYs 2012-13 to 2015-16. The Assessing Officer framed reassessments by ma...