Income Tax Demand Invalid as Original Assessment Had Nil Liability & No Reopening Was Initiated

Zydus Infrastructure Private Limited Vs DCIT (Gujarat High Court) The Gujarat High Court heard a writ petition filed under Article 226 of the Constitution of India challenging the validity of a demand notice dated 22.01.2020 issued under Section 156 of the Income-tax Act, 1961 for ₹5,02,30,558 along with a related communication dated 23.01.2020. The petitioner company, incorporated under the Companies Act, 1956, is engaged in the development, operation, and maintenance of a Special Economic Zone. The petitioner had filed its return of income for Assessment Year 2012–13 on 24.09.2012. Accor...