AO Cannot Reopen Assessment Beyond Grounds Mentioned in Section 148A(b) Notice

Independent News Service Pvt. Ltd. Vs Assessing Officer (Delhi High Court) The Delhi High Court has set aside an order and subsequent notice issued by the Income Tax Department against Independent News Service Pvt. Ltd., the parent company of India TV, a prominent news channel owned by Rajat Sharma. The court’s decision, pertains to an income tax reassessment proceeding initiated against the company for the Assessment Year (AY) 2017-18. Independent News Service Pvt. Ltd. had challenged an order dated April 8, 2024, passed under Section 148A(d) of the Income Tax Act, 1961, and the subsequ...