SC upholds order quashing section 148 notice issued after time lapse of 16 years

PCIT Vs Atlanta Capital Pvt Ltd (Supreme Court of India)

Introduction: The Supreme Court of India recently rendered a decision in the case of PCIT vs Atlanta Capital Pvt Ltd concerning the legality of a notice issued under Section 148 of the Income Tax Act. The petition challenged the order quashing the notice issued after a significant time lapse of 16 years. The Court’s decision to uphold the Delhi High Court’s order carries significant implications for tax proceedings and the application of le

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