Wrongful Allegation of Non-Current Investment made in Share Application money of Entity: Delhi HC sets aside the Assessment order [Read Order]

Wrongful Allegation - Non-Current Investment - Share Application money - Delhi HC - Assessment order - taxscan

In a recent case, the Delhi High Court set aside the assessment order which was made on wrongful allegation on non-current investment made in share application money of entity. AADI India Private Limited, the petitioner challenged the notice and order passed under section 148 of the Income Tax Act, 1961. A Notice was issued under…

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