Earlier Year Reopening Invalid After Same Transactions Approved Later: Delhi HC

Experion Hospitality Pvt Ltd. Vs ITO (Delhi High Court) The Delhi High Court disposed of a batch of writ petitions challenging notices issued under Section 148 of the Income-tax Act, 1961 for Assessment Years 2008–09 and 2011–12, along with consequential proceedings and rejection of objections. The reassessment notices were based on a common investigation by the Directorate of Income Tax (Intelligence & Criminal Investigation), alleging that large investments received from a Singapore-based entity were routed through complex structures involving entities in low-tax jurisdictions and th...