HC finds no merit in Challenge to Reassessment Notice issued to Robert Vadra’s Firm

SKY Light Hospital LLp Vs Assistant Commissioner of Income Tax (Delhi High Court) Delhi High Court has refuses to set aside re-assessment notice U/s. 147/148 issued by Income Tax Department to the partnership firm  Sky Light Hospitality, in which Robert Vadra is a partner, in connection with the DLF- Sky Light Hospitality land deal. High Court held that “After going through the reasons, we are satisfied that the “reasons to believe” show and establish a live link and connect with the inference drawn that income had escaped assessment, which is required for issuance of notice under S...