Special Income Tax Audit Invalid Due to Lack of Proven Complexity in Accounts: Delhi HC

Huawei Telecommunications (India) Company Pvt. Ltd. Vs ACIT (Delhi High Court) Delhi High Court landmark verdict in case of Huawei Telecommunication India Co. Pvt Ltd vs ACIT CC-2 Delhi in series of writ petitions for AY 2013-14 & AY 2015-16 on special audit directions under section 142(2A) in reassessment pursuant to search carried out on 15.02.2022 and jurisdiction of reassessment on time limitation of 10 years in view of 4th proviso of section 153A(1) and definition of word asset as defined in Exl. 2 to section 153A of the Act – Key takeaways :- –   Largely held in favour of ...