Delhi HC Sets aside Reassessment Order for non-consideration of reply

Standard Chartered Bank UK Vs ACIT (Delhi High Court)

Introduction: The case of “Standard Chartered Bank UK vs ACIT” involves an appeal to the Delhi High Court against an order of reassessment for Assessment Year 2019-20. The petitioner, Standard Chartered Bank UK, challenged the validity of the reassessment order on the grounds of jurisdiction and non-consideration of crucial information provided in its response to the notice.

Analysis: The Delhi High Court reviewed the o

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