SC Set Aside Reassessment Notice Due to Non-Disclosure of Material Facts by Revenue

ACIT Vs Vivo Mobile India Private Limited (Supreme Court of India) The Supreme Court dismissed a Special Leave Petition filed by the Income Tax Department against a Delhi High Court judgment concerning reassessment proceedings initiated under Sections 148A and 148 of the Income Tax Act, 1961. The Supreme Court, after condoning delay, held that there was no ground to interfere with the High Court’s decision under Article 136 of the Constitution and accordingly dismissed the petition. The matter before the Delhi High Court involved a challenge to a show cause notice issued under Section 148A(b...