Section 274 Income Tax Notice Must Precede Limitation Period: Delhi HC

PCIT Vs Thapar Homes Ltd. (Delhi High Court)

Introduction: The Delhi High Court, in the case of PCIT vs. Thapar Homes Ltd. for Assessment Year 2008-09, delivered a crucial verdict emphasizing the necessity of issuing notices under Section 274 of the Income Tax Act before the limitation period expires. This detailed analysis unpacks the legal proceedings, key contentions, and the court’s rationale in rendering this landmark judgment.

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