Delhi High Court quashes income tax order under Section 148A(d) and Section 148 notice for AY 2016-17

Kairosoft AI Solutions informed exchanges that the Hon'ble High Court of Delhi allowed its writ petition and quashed the income tax order dated 30 August 2024 passed under Section 148A(d) of the Income Tax Act, 1961.

Wed 7 Oct 2026

Court

Hon'ble High Court of Delhi

Order Quashed

order dated 30 August 2024 passed under Section 148A(d) of the Income Tax Act, 1961

Assessment Year

2016-17

Court allows the company's writ petition

The company has disclosed that it received communication from the Income Tax Department stating that the Hon'ble High Court of Delhi allowed the writ petition shared by Kairosoft AI Solutions Limited (formerly Pankaj Piyush Trade and Investment Limited).

• Petitioner: Kairosoft AI Solutions Limited, formerly Pankaj Piyush Trade and Investment Limited
• Respondents: Assistant Commissioner of Income Tax, Central Circle 31, Delhi & Anr.
• Case: W.P.(C) 15667/2025 with CM APPL. 64107/2025
• Order date: 29 September 2026
• Coram: Hon'ble Mr. Justice Dinesh Mehta and Hon'ble Dr. Justice Aditi Choudhary

What the court did

The Hon'ble Court quashed the order dated 30 August 2024 passed under Section 148A(d) of the Income Tax Act, 1961, and the consequential notice of even date issued under Section 148 of the Income Tax Act, 1961, for Assessment Year 2016-17.

The ground recorded is that the proceedings were barred by limitation, in light of the judgment of the same court in the case of Manju Somani v. Income Tax Officer Ward-70(1) & Ors, reported in 2024 SCC OnLine Del 5292. The court noted that the standing counsel for the respondents was not in a position to dispute the position of facts and law.

The writ petition, along with the pending application, stands disposed of.

Understanding the terms simply

• A notice under Section 148 is issued by the Income Tax Department to reopen an already-completed assessment of an earlier year.
• An order under Section 148A(d) is the order the department passes before taking that step, recording its view on whether the case should be reopened.
• Barred by limitation means the court found the department had taken this step beyond the time period the law allows for it.
• Quashed means the order and the notice have been set aside by the court.

How a reader might see it

The disclosure reports a court outcome in the company's favour in a tax proceeding relating to Assessment Year 2016-17, and the company has shared it with the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The court's order and the related notice have both been set aside on the specific ground of limitation.

The above is a summary of what the disclosure states, and nothing more.

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