Reassessment notices cannot be mechanically issued without examining documents

Huawei Technologies Cooperatief U.A. Vs ACIT (Delhi High Court)

Delhi HC Quashes Section 148/148A Reassessment Notices for Non-Resident Loan Income, Orders Fresh Assessment

Delhi High Court set aside the reassessment notice and order under Sections 148 and 148A of the Income Tax Act for AY 2019-20, holding that the petitioner’s interest income from External Commercial Borrowings was already taxed under Section 194LC. The Court emphasized that reassessment cannot be triggered solely for

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