Delhi HC dismisses Petition against Reopening of Assessment u/s 148, affirms Validity of Notice [Read Order]

The court clarified that their ruling addressed only the legality of the notice, without making any pronouncement on the merits of the reassessment itself
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In the recent ruling,the High Court of Delhi,affirmed the validity of a notice issued under Section 148 of the Income Tax Act,1961,dismissing the petition filed by the petitioner against the reopening of its assessment for the Assessment Year (AY) 2011-12. R P Foam Home (P) Ltd, the petitioner-assessee, had filed a petition challenging the reopening…

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