Revenue appeal dismissed as opportunity to counter allegation not afforded: Delhi HC

CIT Vs Zebra Technologies Asia Pacific Pet Ltd (Delhi High Court) Delhi High Court held that the assessee was not afforded an opportunity to counter the allegation that it was a conduit company without any substance. Thus, the appeal filed by the revenue dismissed. Facts- The assessee is a company which is incorporated under the laws of Singapore and is a tax resident of Singapore. The assessee claimed that it is engaged in the business of wholesale distribution of electronic products as well as services related to after sales, repairs, and technical support services to the customers in variou...