Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]

Delhi HC quashed the final assessment order as the Tribunal failed to consider the plenary powers conferred u/s 254
By Saagarika Gopinath - On August 1, 2024 4:12 pm - 2 mins read
Delhi High Court - Income Tax Return - ITR - Mitsubishi - Income Tax - Mitsubishi Corporation tax - taxscan

The Delhi High Court allowed the writ petition in favor of Mitsubishi Corporation and quashed the assessment order as the tribunal failed to consider the plenary powers conferred to it under Section 254 of the Income Tax Act of 1961,Ā and the order was quashed to the extent that they negated consideration of the additional grounds…

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