Can’t reopen I-T cases below Rs.50 lakh after 3 years: Delhi High Court
The Delhi High Court on Monday in its ruling held that the extended 10-year review period for Income (I-T) assessments should only be applied when the assessee’s alleged undisclosed income exceeds Rs 50 lakh. Responding to a bunch of writ petitions, for the financial years 2015-16 and 2016-17, the bench of Justice Rajiv Shakdher and…
