Shilpa Shetty secured partial relief as the Income Tax Appellate Tribunal ordered fresh examination of her Rs 12.5 crore gift dispute, directing the Assessing Officer to reassess evidence under Section 68 after granting opportunity to establish genuineness.
Today (27th March): The Delhi High Court dismissed four new petitions by the Indian National Congress challenging Income Tax reassessment procedures. This follows earlier dismissals concerning different assessment years. The Court noted substantial evidence for further scrutiny of the party’s income. The Congress has faced multiple legal setbacks in tax-related proceedings.
