Amendment In Section 153C Can't Be Interpreted For Revival Of Already Time Barred Proceedings: Delhi High Court

The Delhi High Court recently ruled on the revival of time-barred proceedings under Section 153C of the Income Tax Act. The court determined that proceedings which were previously barred by time limitations could be revived if new material evidence is presented. The case centered around the application of the time bar in tax assessments and the possibility of its revival under certain conditions. The High Court emphasized that the revival of such proceedings must align with the principles of fairness and justice, taking into account the specific facts of each case.