Reassessment Unjustified If Assessee Uninformed of Bogus Entity in SCN: Delhi HC

Vivo Mobile India Private Limited Vs ACIT & Anr (Delhi High Court) Delhi High Court ruled in Vivo Mobile India Private Limited vs. ACIT & Anr that reassessment proceedings under Section 148A of the Income Tax Act were invalid due to a violation of natural justice. The case arose when tax authorities issued a notice under Section 148A(b) to Vivo Mobile India for the assessment year 2018-19, citing transactions with a non-existent entity, M/s. Zhong Mao (India) Pvt. Ltd. Vivo responded, clarifying that its transactions were actually with M/s. Zhonghu (India) Eng. Pvt. Ltd. However, witho...