Tuesday, November 21, 2023

10-yr period for income tax review applies to income over Rs 50 lakh: Delhi high court

The Delhi high court had to decide the validity of the notices issued to petitioners under section 148, keeping in view the ‘period of limitation’ (time within which notices for re-opening of cases can be issued). The court was responding to a bunch of petitions for FY16 and FY17.

from Personal Finance News-Wealth-Economic Times https://ift.tt/84lYeHp

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