MMT Wins: Delhi HC Quashes Time-Barred Income Tax Reassessment Notice

Makemytrip India Private Limited Vs DCIT Circle 16 (1) Delhi & Anr. (Delhi High Court) The Delhi High Court delivered a favorable verdict to Make My Trip India Private Limited, setting aside a reassessment notice issued by the Deputy Commissioner of Income Tax (DCIT) Circle 16(1) Delhi for the Assessment Year (AY) 2015-16. The court’s decision, based on the petition filed by Make My Trip, quashed the notice dated July 27, 2022, issued under Section 148 of the Income Tax Act, 1961, along with the preceding notice under Section 148A(b) dated May 19, 2022, and the order under Section 14...