Government Shareholders Not Automatically Considered Related Parties

PCIT Vs L And T SUCG JV CC27 (Delhi High Court)

Introduction: The Delhi High Court recently rendered a significant judgment in the case of PCIT vs L&T SUCG JV CC27, addressing the question of whether government shareholders should be automatically considered related parties. The case pertains to the Assessment Year 2014-15 and revolves around a penalty order issued under Section 271AA of the Income Tax Act, 1961. This article delves into the details of the judgment, analyzing the key arguments and the co

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