Reassessment must be based on new and substantive grounds: Delhi HC

Kuehne+Nagel Pvt. Ltd. Vs ACIT (Delhi High Court)

Introduction: In a recent legal development, the Delhi High Court delivered a decisive judgment in favor of Kuehne+Nagel Pvt. Ltd., quashing reassessment proceedings initiated by the Assessing Officer for Assessment Year (AY) 2012-13. The court’s ruling hinged on the absence of new material grounds for reassessment, providing crucial insights into the legal nuances of tax proceedings.

Background: The

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