Telangana HC Set Aside Rejection Under Vivad Se Vishwas for Being Cryptic & Unreasoned

Dongfang Electric Corporation Ltd. Vs CIT (Telangana High Court) The Telangana High Court decided a batch of writ petitions by common order, taking facts from WP No.35796 of 2024. The petitioner was assessed for Assessment Year 2013–2014, and an assessment order dated 18.05.2022 determined attributable income in India at 10%. Subsequently, a notice dated 16.06.2023 under Section 263 of the Income Tax Act, 1961 proposed revision of the percentage to 25%. Earlier writ petitions challenging the Section 263 notice were withdrawn with liberty to avail the Direct Tax Vivad Se Vishwas Scheme, 2024 ...