Delhi HC Sets Aside Assessment Order which was based on Wrongful Allegations

Aadi India Private Limited Vs ACIT (Delhi High Court)

Introduction: In a recent legal development, the Delhi High Court has set aside an assessment order in a case involving allegations of non-current investments made in share application money. The court’s decision comes as a response to a challenge laid by Aadi India Private Limited against various notices and orders issued by the tax authorities for the Assessment Year (AY) 2019-20.

1. Initial Allegations: The case began with

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