ITAT Delhi Quashes Reassessment – Section 148 Notice Held Time-Barred

Travelport Global Distribution System BV Vs ACIT (ITAT Delhi)

ITAT Delhi Quashes Reassessment in Travelport Case – Notice u/s 148 Held Time-Barred as per Rajeev Bansal Ruling

Delhi  Tribunal  quashed the reassessment proceedings, holding that the notice issued u/s 148 on 29.07.2022 was barred by limitation under section 149, as interpreted by the Supreme Court in Union of India vs. Rajeev Bansal (2024 SCC OnLine SC 2693).

Assessee, a Netherlands-based entity engaged in operating the Travelport Commerce Platform, had received ₹413.94 crore from India during AY 20

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