Remission of Income Tax Refund of Rs 95.26 crores: Delhi HC suspends Reassessment Proceedings [Read Order]

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The Delhi High Court suspended the reassessment proceedings in the matter of remission of income tax refund of Rupees 95.26 crores. The petitioner in the present matter is Bid Services Division (Mauritius) Limited. Ruchir Bhatia, senior standing counsel, who appeared on behalf of the respondents/revenue, informed the High Court that pursuant to the High Court…

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