Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment Year 2013-14
Dismissing the petition of the taxpayer, the SC decided not to interfere with the order of Delhi HC. In effect, the decision of Delhi HC stands valid i.e. the time period for initiating the reassessment proceedings for AY 13-14 stood extended till 30 June 2021. Although this SC’s instant ruling does not dealt in detail about the merits.
With this development, let’s keep a tab on the fate of other similar petitions which are pending before the SC. Also, would be keen to know the findings of other jurisdictional HC which are dealing with the same issue at their level.
The copy of the above order of the supreme court is as under .
