Case Law Analysis
|Income Tax Appellate Tribunal
Section 148 Income Tax Act | Reassessment Notice Beyond 3 Years Void Without PCCIT Approval : ITAT Delhi
ITAT Delhi rules that reassessment notices issued under Section 148 of the Income Tax Act beyond three years from the assessment year's end are invalid without approval from the Principal Chief Commissioner of Income Tax (PCCIT). The ruling reinforces procedural compliance, impacting taxpayers facing late reassessment proceedings.