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Delhi HC Sets Aside Assessment Order which was based on Wrongful Allegations
Case Law Details
- Case Name
- Aadi India Private Limited Vs ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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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 a notice dated 23.02.2023 issued under Section 148A(b) of the Income Tax Act, 1961 (the Act). The primary alle...
