Delhi HC quashes reassessment orders for AY 2016-17, 2017-18 having tax escapement below 50 lakh

The Delhi High Court has termed the Central Board of Direct Taxes’ (CBDT) theory of “travel back in time” for reopening assessment cases as bad in law. Accordingly, it quashed reassessment orders related to AY 2016-17 and 2017-18 having income escapement of below  50 lakh.

Our Partner Rahul Charkha talks to  SHISHIR SINHA from The Hindu BusinessLine on the impact of these orders in the latest article “Delhi HC quashes reassessment orders for AY 2016-17, 2017-18 having tax escapement below 50 lakh”.

Read the detailed article here: https://www.thehindubusinessline.com/economy/delhi-hc-quashes-reassessment-orders-for-ay-2016-17-2017-18-having-tax-escapement-below-rs-50-lakh/article67543122.ece