Delhi HC Quashes Notices: Lack of specified authority approval for Income Tax Reassessment

Twylight Infrastructure Pvt Ltd Vs ITO (Delhi High Court) Introduction: The Delhi High Court has quashed income tax reassessment notices in the case of Twylight Infrastructure Pvt Ltd for Assessment Years 2016-17 and 2017-18. The court emphasized the lack of approval from the specified authority, as mandated by the amended provisions of the Income Tax Act. Detailed Analysis: 1. The writ petitions concern the assessment years 2016-17 and 2017-18, questioning the sustainability of notices and orders due to the absence of specified authority approval. 2.  The core issue revolves around whether...