Failure of AO to Inquire into Documents of Foreign Remittance of 9 Crores: Delhi HC sets aside order Passed U/s 148 of Income Tax Act [Read Order]

By Yogitha S. Yogesh - On October 2, 2023 9:30 pm - 2 mins read
Failure of AO - Inquire into Documents - Foreign Remittance -Delhi HC sets aside - Income Tax Act-TAXSCAN

The Delhi High Court set aside the order passed under section 148 of the Income Tax Act, 1961 as the Assessing Officer failed to inquire about documents of foreign purchase which led to the foreign remittance of 9 Crores. Quickroutes International  Private Limited, the petitioner has challenged the notice dated 27.03.2023 issued under Section 148A(b) of…

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