Telangana HC Quashed Reassessment Due to Invalid Section 151 Approval

Deloittee Consulting India Private Limited Vs Assessment Unit (Telangana High Court) In Deloitte Consulting India Private Limited Vs Assessment Unit, the Telangana High Court examined the validity of a reassessment order dated 16.01.2024 passed under Sections 147 and 144B of the Income-tax Act, 1961 for Assessment Year 2018–19. The petitioner, engaged in IT consulting services, filed its original return on 30.11.2018 declaring income of ₹720.43 crore. An intimation under Section 143(1) made a disallowance relating to delayed employee provident fund contributions, which was later upheld by ...