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Delhi High Court Quashes Reassessment Notice Under Section 148 of the Income Tax Act, 1961, Alleging Income Escaped Assessment, Cites Failure of Assessing Officer to Independently Form “Reason to Believe”
Court's Decision:The Delhi High Court quashed the reassessment notice issued to Well Trans Logistics India Pvt. Ltd. under Section 148 of the Income Tax Act, 1961, for the Assessment Year…