Delhi HC Sets Aside Tax Reassessment Over Insufficient Year-Specific Evidence

GE Hydro France Vs ACIT (Delhi High Court) Delhi High Court sets aside tax reassessment against GE Hydro France, ruling ‘reason to believe’ based on surveys of other group entities insufficient without year-specific material; Delhi High Court Invalidates Tax Reassessment Based Solely on Other Group Entities’ Surveys; Court Finds ‘Reason to Believe’ Lacked Year-Specific Foundation for GE Hydro France; Delhi HC Quashes Tax Reassessment Against GE Unit. NEW DELHI: The Delhi High Court has quashed income tax reassessment proceedings initiated against GE Hydro France...