SC Disposes Revenue Appeal Against Reassessment Notice Quashing

DCIT Vs Trans World International Ltd (Supreme Court of India) The Supreme Court of India disposed of an appeal filed by the Revenue, the Deputy Commissioner of Income Tax (DCIT), challenging a Delhi High Court judgment that had set aside re-assessment orders and notices issued to Trans World International Ltd. (the assessee). The appeal was rendered unnecessary after the assessee’s counsel informed the Supreme Court that they would challenge the subsequent final order of assessment on its merits before the appropriate appellate forum, rather than continuing to argue the validity of th...