Initiation Of Section 153C Assessment Proceedings Falling Beyond Maximum 10 Years Block Period Unsustainable: Delhi High Court
In a recent development, the Delhi High Court has issued an order quashing a reassessment notice dated 31 March 2023, pertaining to Assessment Year (AY) 2013-14, under Section 148 of the Income Tax Act, 1961. The court's decision came in response to a writ petition filed by Flowmore Limited challenging the said notice. The court's order, delivered by Hon'ble Mr. Justice Yashwant Varma and Hon'ble Mr. Justice Purushaindra Kumar Kaurav…
