https://www.taxtmi.com/caselaws?id=761447 The Delhi HC set aside a reopening notice issued under Section 147 for being beyond the limitation period prescribed under Section 149(1). Following the precedent in Ojjus Medicare Pvt. Limited, the court clarified that the ten-year limitation period must be calculated from the end of the assessment year relevant to when the Section 148 notice is issued. The court restrained the revenue department from proceeding with reassessment proceedings for AY 2015-16, finding the notice was issued beyond the statutory time limit. en-us Wed, 23 Oct 2024 00:00:00 +0530 Sat, 09 Nov 2024 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761447 The Delhi HC set aside a reopening notice issued under Section 147 for being beyond the limitation period prescribed under Section 149(1). Following the precedent in Ojjus Medicare Pvt. Limited, the court clarified that the ten-year limitation period must be calculated from the end of the assessment year relevant to when the Section 148 notice is issued. The court restrained the revenue department from proceeding with reassessment proceedings for AY 2015-16, finding the notice was issued beyond the statutory time limit. Case-Laws Income Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761447