No Valid Basis to Intervene: SC Confirms Quashing of Reassessment Notices

ACIT & Ors Vs General Electrict (Switzerland) Gmbh (Supreme Court of India) The Supreme Court condoned the delay and, after hearing the petitioner’s counsel and examining the material on record, found no sufficient ground to interfere with the order passed by the High Court. Accordingly, the Court declined to disturb the impugned decision. Read HC Judgment in this case: Reassessment Notices Quashed Due to Lack of Tangible Material for PE Allegation The matter relates to reassessment notices issued under Section 148 of the Income Tax Act, 1961 for Assessment Years 2013–14 to 2017–18 ...