No Issuance of Income Tax Notice Beyond 10 Years from Relevant Assessment Year: Delhi HC

The Delhi High Court ruled that no income tax notice can be issued beyond 10 years from the relevant assessment year, as per Section 149 read with Section 153C. This ruling provides clarity on the statutory limitation period for issuing notices, protecting taxpayers from indefinite exposure to tax scrutiny. The court emphasized the importance of adhering to prescribed timelines to ensure certainty and finality in tax matters. This judgment reinforces the principles of fairness and legal certainty, ensuring that taxpayers are not subjected to prolonged periods of uncertainty regarding their tax liabilities.