Relief to Samsung India: Delhi HC quashes Initiation of Reassessment Proceedings after Lapse of 4 years [Read Order]

Delhi HC quashes initiation of reassessment proceedings after lapse of 4 years, thereby granting major relief to Samsung India

By Kalyani B. Nair - On June 7, 2024 3:53 pm - 2 mins read

Delhi High Court - Delhi hc - Samsung - Samsung India - Delhi hc reassessment proceedings - TAXSCAN

In a major relief to Samsung India, the Delhi High Court quashed the initiation of reassessment proceedings after lapse of 4 years. The present appeal has been preferred by the Revenue against the order dated 23.02.2018, passed by the Income Tax Appellate Tribunal [“ITAT”], whereby, the reassessment proceedings against the respondent-assessee have been invalidated on…

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