Limitation in Reassessment

High Court Quashes Reopening Notice Issued Beyond 10-Year Limitation in Search Assessment Case Nilay Desai challenged a notice dated 26.03.2025 issued under Section 148 of the Income Tax Act, 1961 seeking to reopen his assessment for AY 2014-15. The petitioner had filed his return on 28.11.2014 declaring income of Rs. 64,05,260 and was a major…