Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Notice u/s 148 Beyond Three Years Not Allowed for Escaped Income Below Rs.50 Lakh: ITAT
The ITAT ruled that a notice under Section 148 beyond three years is not allowed for escaped income below ₹50 lakh. This clarifies the time limits for reopening assessments in cases of escaped income.