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Delhi High Court Quashes Reassessment Notices Under Section 148 of the Income Tax Act, Citing Lack of Fresh Evidence and Insufficient Grounds in Cases Involving Foreign Investment Allegedly Serving as Conduit for Indian Investments
Court’s Decision:The Delhi High Court quashed reassessment notices issued under Section 148 of the Income Tax Act for multiple assessment years (AYs 2008-09 and 2011-12), finding the grounds for reopening…













