https://www.taxtmi.com/caselaws?id=271966 The Court upheld the jurisdiction of ACIT, Circle 7(1), New Delhi, to issue notices under Section 148 of the Income Tax Act, rejecting the Assessees' argument. It deemed the service of notices valid through Mr. Rattan Gupta, holding the Assessee companies as resident Indian companies subject to Indian tax laws. The Court found the income earned by the Assessees taxable in India, upheld the reopening of assessments, and confirmed the charging of interest under Sections 234A and 234B. The Court set aside the ITAT's order, directing the Assessees to pay costs to the Revenue and ruled in favor of the Revenue on all issues. en-us Mon, 22 Feb 2016 00:00:00 +0530 Tue, 23 Feb 2016 10:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271966 The Court upheld the jurisdiction of ACIT, Circle 7(1), New Delhi, to issue notices under Section 148 of the Income Tax Act, rejecting the Assessees' argument. It deemed the service of notices valid through Mr. Rattan Gupta, holding the Assessee companies as resident Indian companies subject to Indian tax laws. The Court found the income earned by the Assessees taxable in India, upheld the reopening of assessments, and confirmed the charging of interest under Sections 234A and 234B. The Court set aside the ITAT's order, directing the Assessees to pay costs to the Revenue and ruled in favor of the Revenue on all issues. Case-Laws Income Tax Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271966