SC Dismisses Revenue Appeal as Assessments Time-Barred Due to Delay After ITAT Remand

CIT- International Taxation Vs Qualcomm Incorporated (Supreme Court of India) The Supreme Court of India dismissed the special leave petitions filed by the Revenue, thereby affirming the orders of the Income Tax Appellate Tribunal (ITAT) which had held that the draft and final assessment orders were barred by limitation under Section 153(2A) of the Income Tax Act, 1961. The Supreme Court declined to interfere, finding that no substantial question of law arose for consideration. Read HC Judgment: CIT – International Taxation Vs Qualcomm Incorporated Vs (Delhi High Court) The dispute aros...