The Supreme Court dismissed the Income Tax Department’s appeal due to delay, upholding the Delhi High Court order quashing reassessment proceedings against NDTV’s holding company RRPR Holdings. The ruling reinforces that reassessment cannot continue when the main tax claim itself has already been rejected in appellate proceedings.
Today (March 22) The Delhi High Court dismissed three INC petitions contesting tax reassessment by the IT Department. The Division Bench addressed all arguments but one about the timing of reassessment initiation. Congress can present its case before the March 31 deadline. The dispute arose when the IT Department froze four bank accounts, demanding Rs 210 crores.
