Time Limit For Issuing Reassessment Notices Under Section 149 Of Income Tax Act Clarified: Delhi High Court

The Delhi High Court has provided key insights into the limitation period for issuing reassessment notices under Section 149 of the Income Tax Act, 1961, in the recent judgment concerning a batch of petitions, including the case of Kanwaljeet Kaur v. Assistant Commissioner of Income Tax Circle (34) 1 Delhi & Ors. The case revolved around the interpretation of the time period allowed for reassessment notices to be issued and…