S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Search and seizure-Asset-Limitation-Six or ten assessment years preceding search for which assessment can be reopened-Asset-Assessment year 2016-2017 fell beyond the block of six years the notice issued under section 148 and the reassessment proceedings under section 147 initiated pursuant thereto were set aside. [S. 132, 132A, 147, 148, 148A(b), 148 A(d), 153A(1), proviso 4.]
Smart Chip Pvt. Ltd. v. ACIT (2025) 476 ITR 389/174 taxmann.com 297 (Delhi)(HC)