Case Law Details
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 the notices and orders are legally valid, considering the petitioners’ argument that they lack the required approval from the specified authority.
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