A New Light on Reassessment Under Income Tax Act, 1961

Advocate Akhilesh Kumar Sah New Delhi Television Ltd. Vs DCIT (Supreme Court of India) A very recent case, New Delhi Television Ltd. vs DCIT [Civil Appeal No. 1008 of 2020, decided on 03.04.2020] has thrown a new light in respect of reopening of the cases. Facts & Decision in brief: In the above mentioned case, the appellant New Delhi Television Limited (hereinafter referred to as ‘the assessee’) being an Indian company engaged in running television channels of various kinds had various foreign subsidiaries but the case was mainly in respect with the subsidiary based in the United Kin...