UPVAT: HC Quashes Reassessment Order Due to Lack of Evidence to justify “reason to believe”

Flipkart India Pvt. Ltd. Vs State of U P And 4 Others (Allahabad High Court)

This case involves Flipkart India Pvt. Ltd. challenging an attempt by the Uttar Pradesh government to reassess the company’s tax liability for the 2012-13 financial year. The Allahabad High Court judgment offers valuable insights into tax assessment procedures, limitation periods, and the rights of companies facing reassessments beyond the stipulated timeframe.

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