Case Law Details
Bid Services Division (Mauritius) Limited Vs DCIT (Delhi High Court)
Introduction: In the case of “Bid Services Division (Mauritius) Ltd. Vs DCIT,” the Delhi High Court addressed the suspension of income tax reassessment proceedings until a decision is reached by the Authority for Advance Ruling (AAR). This article provides a detailed analysis of the court’s decision and the circumstances surrounding the case.
Refund Remittance: Mr. Ruchir Bhatia, the learned senior standing counsel representing the respondents/revenue, informed the court that a refund due to the petitioner/assessee has been remitted in compliance with the court’s orders.
Acknowledgment by the Petitioner: Mr. Kamal Sawhney, appearing for the petitioner/assessee, affirmed the receipt of the refund and informed the court that Rs. 95.26 crores had been received.
Fulfillment of Purpose: Mr. Sawhney emphasized that the writ petition had achieved its intended purpose. The impugned notice dated 27.01.2021, issued under Section 148 of the Income Tax Act, 1961, based on a decision dated 10.02.2022 by the Authority for Advance Ruling (AAR), had been set aside by the Bombay High Court through a judgment dated 08.03.2022.
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