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HomeDirect TaxReassessment Can’t Be Solely Based on Audit Objection: Delhi HC Upholds NTPC’s...

Reassessment Can’t Be Solely Based on Audit Objection: Delhi HC Upholds NTPC’s 80-IA Exemption Claims

Direct Tax

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By Mariya Paliwala
Reassessment Can’t Be Solely Based on Audit Objection: Delhi HC Upholds NTPC’s 80-IA Exemption Claims

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The Delhi High Court has dismissed two appeals filed by the Income Tax Department challenging orders of the Income Tax Appellate Tribunal (ITAT) that quashed reassessment proceedings initiated against NTPC Ltd for the Assessment Years (AY) 2011–12 and 2012–13. The bench of Justice Dinesh Mehta and Justice Vinod Kumar held that reopening of assessments merely…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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