https://www.taxtmi.com/caselaws?id=764755 Delhi HC ruled that a second notice under Section 148A(b) based on different information than the first notice constitutes a standalone notice, not a continuation. The court found the second notice was based on commission income from JM Jain Group search, while the first notice concerned loose papers from SBP Group search. Since the second notice was issued beyond the three-year limitation period under Section 149(1)(a) for income below Rs. 50 lakhs, it was invalid. The court set aside both the impugned order under Section 148A(d) and the second notice, ruling in favor of the assessee. en-us Tue, 07 Jan 2025 00:00:00 +0530 Fri, 17 Jan 2025 08:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764755 Delhi HC ruled that a second notice under Section 148A(b) based on different information than the first notice constitutes a standalone notice, not a continuation. The court found the second notice was based on commission income from JM Jain Group search, while the first notice concerned loose papers from SBP Group search. Since the second notice was issued beyond the three-year limitation period under Section 149(1)(a) for income below Rs. 50 lakhs, it was invalid. The court set aside both the impugned order under Section 148A(d) and the second notice, ruling in favor of the assessee. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764755