Reassessment Notice Upheld as Time Allowed for Reply Is Excluded While Computing Limitation: Delhi HC

Sunil Bhalla Vs DCIT (Delhi High Court) The Delhi High Court dismissed a writ petition challenging an order passed under Section 148A(d) and the consequential notice issued under Section 148 of the Income Tax Act, 1961 on the ground that the proceedings were allegedly time-barred. The Assessing Officer issued a notice under Section 148A(b) on 28.03.2024 and granted time to file a reply. The petitioner sought adjournments on 05.04.2024 and again on 15.04.2024. The second adjournment request was rejected, and the Assessing Officer passed the order under Section 148A(d) and issued the notice unde...