Recently, the Delhi High Court stated that for concealment of income above Rs.50 Lakhs, an extended period of limitation would apply. The bench of Justices Rajiv Shakdher and Girish Kathpalia was dealing with the case where the case of the petitioners is that in cases where the alleged escaped income is below the prescribed monetary
Delhi HC Rules Extended Period of Limitation Applies for Concealment of Income over Rs.50 Lakhs
