The Delhi High Court found that the reassessment notice under Section 148 issued for the assessment year 2016-17 was indeed time-barred, as the prescribed limitation period had expired on 31.03.2023.
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India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi ...