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Section 148 Notice Based on ‘Factually Erroneous’ Transaction Year Invalid: Delhi HC
Case Law Details
- Case Name
- Fosun Pharma Industrial Pte. Ltd. Vs ACIT/DCIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Fosun Pharma Industrial Pte. Ltd. Vs ACIT/DCIT (Delhi High Court)
Delhi HC Quashes Reassessment Against Fosun Pharma; Terms AO’s Basis “Factually Erroneous”, Remands Matter for Fresh Consideration
The Petitioner had challenged the show-cause notice dt 30.03.2025 issued u/s 148A(1), the order dt 28.06.2025 passed u/s 148A(3), & the consequent reassessment notice dated 28.06.2025 issued u/s 148. The primary allegation in the show-cause notice was that a sum of ₹43,24,65,18,408/- had been received by the Petitioner during AY 2019-20. The Petitioner, represented by Senior Advocate Mr. ...
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