https://www.taxtmi.com/caselaws?id=766714 The Delhi HC ruled in favor of the assessee challenging reassessment proceedings for AYs 2013-14 to 2017-18. The revenue authorities failed to establish that their opinion to reopen assessments was based on independent inquiry or material, relying solely on a survey conducted in June 2019. The court found the reassessment proceedings invalid, noting that despite the petitioner deriving profits from supplying equipment to Indian entities while claiming no PE in India, the authorities lacked proper basis for reopening assessments under Section 148. en-us Mon, 24 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766714 The Delhi HC ruled in favor of the assessee challenging reassessment proceedings for AYs 2013-14 to 2017-18. The revenue authorities failed to establish that their opinion to reopen assessments was based on independent inquiry or material, relying solely on a survey conducted in June 2019. The court found the reassessment proceedings invalid, noting that despite the petitioner deriving profits from supplying equipment to Indian entities while claiming no PE in India, the authorities lacked proper basis for reopening assessments under Section 148. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766714