https://www.taxtmi.com/caselaws?id=768052 Delhi HC held that reopening of assessment beyond ten-year limitation period under Section 149(1) is impermissible. The ten-year limitation period must be calculated from the end of the assessment year relevant to the financial year when reopening action was initiated through Section 148 notice issuance. Since the assessment year in question (AY 2014-15) exceeded the ten-year period prescribed under Section 153C read with Section 153A, the court allowed the petition and set aside the impugned notice. en-us Thu, 20 Mar 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768052 Delhi HC held that reopening of assessment beyond ten-year limitation period under Section 149(1) is impermissible. The ten-year limitation period must be calculated from the end of the assessment year relevant to the financial year when reopening action was initiated through Section 148 notice issuance. Since the assessment year in question (AY 2014-15) exceeded the ten-year period prescribed under Section 153C read with Section 153A, the court allowed the petition and set aside the impugned notice. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768052