Delhi HC Quashes Reassessment Based on New Grounds Not Mentioned in 148A(b) Notice

Ernst And Young Emeia Services Limited Vs ACIT (Delhi High Court) The Delhi High Court addressed a petition filed by Ernst And Young Emeia Services Limited (Assessee), a foreign company and tax resident of the United Kingdom, challenging reassessment proceedings initiated for Assessment Year (AY) 2018-19. The Assessee sought to quash the notice issued under Section 148A(b) of the Income Tax Act, 1961 (the Act), the subsequent order passed under Section 148A(d) of the Act, and the notice issued under Section 148 of the Act. Prefatory Facts: For AY 2018-19, the Assessee, which provides common ar...