https://www.taxtmi.com/caselaws?id=770910 The Delhi HC ruled in favor of the assessee regarding reopening of assessment under Section 147, finding the notice issued beyond the limitation period. Following Supreme Court precedent in Union of India v. Rajeev Bansal, the court excluded the period from notice issuance until the SC's decision in Union of India v. Ashish Agarwa (04.05.2022), plus additional time for material provision and assessee response under Section 149(1) Fourth Proviso. The limitation period expired on 16.06.2022, but the impugned notice was issued on 20.07.2022, rendering it time-barred. The decision aligned with the court's ruling in Ram Balram Buildhome Pvt. Ltd. en-us Tue, 06 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770910 The Delhi HC ruled in favor of the assessee regarding reopening of assessment under Section 147, finding the notice issued beyond the limitation period. Following Supreme Court precedent in Union of India v. Rajeev Bansal, the court excluded the period from notice issuance until the SC's decision in Union of India v. Ashish Agarwa (04.05.2022), plus additional time for material provision and assessee response under Section 149(1) Fourth Proviso. The limitation period expired on 16.06.2022, but the impugned notice was issued on 20.07.2022, rendering it time-barred. The decision aligned with the court's ruling in Ram Balram Buildhome Pvt. Ltd. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770910