Case Law (HC) -- Delhi High Court issued notice on the the issue of limitation to reopen cases u/s 148 for AY 13-14 & AY 14-15 if income exceeds Rs 50 lacs post Supreme Court decision in case of Ashish Agarwal and reconsideration of its decision in Salil Gulati Vs. Assistant Commissioner of Income Tax, Circle 49(1) Delhi & Ors. in W.P.(C) 12541/2022 decided on 31.08.2022.

"Learned counsel appearing for the petitioner states that although the matter seems to be covered by the decision of a Coordinate Bench of this Court in Salil Gulati Vs. Assistant Commissioner of Income Tax, Circle 49(1) Delhi & Ors. in W.P.(C) 12541/2022 decided on 31.08.2022, there are several aspects which have not been considered. 

2. He also states that the Gujarat High Court and Allahabad High Court have taken a contrary view and no other Court has taken a view similar to that in Salil Gulati (supra). He submits that there are some aspects which are not brought to the notice of the Court in Salil Gulati (supra)."

Veekay General Industries v. UOI, WP(C) 3733/23 order dated 24.03.2023

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