Delhi HC Slams Arbitrary Income Tax Reopening, ₹1 Lakh Cost per Case

Radhika Roy Vs DCIT (Delhi High Court) Reopening Quashed with Costs – Delhi HC Slams Department, Imposes ₹1 Lakh Cost per Case for Arbitrary Second Reassessment The Delhi High Court quashed the second reassessment notices issued under Section 148 for AY 2009-10 against Radhika Roy and Prannoy Roy, holding that the reopening was wholly without jurisdiction and based on a mere change of opinion. In the first reassessment completed under Section 147/143(3) on 30.03.2013, the Assessing Officer had specifically examined the issue of interest-free loans received from RRPR, issued a show-cause no...