Settled Issues Stay Settled- Covered Issues Cannot Be Reopened: Delhi HC

PCIT Vs Maruti Suzuki India Ltd. (Delhi High Court) Settled Issues Stay Settled- Covered Issues Cannot Be Reopened – Delhi HC Dismisses Revenue’s Appeals in Maruti Suzuki Case Maruti Suzuki India Ltd., the country’s leading automobile manufacturer, filed its return for AY 2010-11 declaring income of ₹3,259 crore. The case was scrutinized, & AO framed assessment u/s 143(3) r.w.s. 144C, determining income at over ₹4,591 crore after making multiple disallowances. The major issues included: Disallowance of statutory dues (excise duty, customs duty, CVD, sales tax) claimed u/s 43B. C...