38.6c New Delhi, India, Friday, April 19, 2024
Judiciary

Following SC Verdict, Fresh Notices To Be Issued By Finance Ministry To NDTV

By Shubham Jindal      04 April, 2020 01:04 PM      1 Comments

The finance ministry has, on April 3, 2020 decided to issue fresh notices to NDTV in the Income Tax re-assessment case in which, the revenue department was denied permission to reopen an assessment that was decided years ago.

NDTV, in a statement welcoming the decision said that the Supreme Court had proved that ‘Rule of Law’ prevails above all else. 

The Apex Court, although endorsing the view of the revenue department regarding reasons to believe that income had escaped assessment being present, said that the permission could still not be granted due to the notices being time barred and hence, unsustainable. 

The notices were issued in 2015 to NDTV under section 148 of the Income Tax Act, 1961 on the ground of escapement of income from assessment and proposing a substantial addition of Rs. 642 crores to its account.

However, NDTV is yet to receive a clean chit by the court in this regard. The court held, “the notice issued to the assessee shows sufficient reasons to believe on the part of the assessing officer to reopen the assessment” and has given liberty to the department of revenue to issue fresh notice under the second proviso of the section 147 to reopen the assessment. 

 



Share this article:



John Doe
Top Legal Firm Sep 21, 2020

It was great to see someone write on this topic. Thanks for sharing your thoughts

Leave a feedback about this
TRENDING NEWS

pil-filed-by-ashwini-kumar-upadhyay-in-sc-for-yr-bachelor-of-law-degree-after-class
Trending Judiciary
PIL filed by Ashwini Kumar Upadhyay in SC for 3-yr Bachelor of Law degree after Class XII

PIL by Ashwini Kumar in SC seeks to shorten law degree to 3 years post-Class XII, citing current 5-year span as irrational.

18 April, 2024 11:21 AM
we-all-know-what-happened-when-there-were-ballot-papers-sc-on-return-of-ballot-papers-or-100-vvpats-count
Trending Judiciary
'We all know what happened when there were ballot papers,' SC on return of ballot papers or 100% VVPATs count

SC questions EVM process, debates ballot paper return and 100% VVPAT count verification, citing past issues.

18 April, 2024 01:53 PM

TOP STORIES

lsj-exclusive-interview-how-bjp-govt-will-free-chhattisgarh-from-naxal-menace
Trending Interview
LSJ Exclusive Interview: How BJP govt will free Chhattisgarh from “Naxal menace”? [Watch Video]

What is Chhattisgarh govt's plan for solving the Maoist/Naxalite problem in the state? Will there be a surgical strike against the Naxals or solution will be found via diplomatic channels? Read the Exclusive Interview with the Deputy Chief Minister Vijay Sharma.

13 April, 2024 12:33 PM
sc-rejects-review-of-order-to-pay-rs-154-cr-compensation-to-ex-air-force-staff-for-transfusion-of-hiv-infected-blood
Trending Judiciary
SC rejects review of order to pay Rs 1.54 Cr compensation to ex Air Force staff for transfusion of HIV infected blood [Read Order]

SC denies review of Rs 1.54 Cr HIV compensation order to ex-Air Force staff for medical negligence.

13 April, 2024 03:13 PM
cji-cautions-against-overlooking-ethical-legal-consideration-on-use-of-ai-in-court-adjudication
Trending Legal Insiders
CJI cautions against overlooking ethical legal consideration on use of AI in court adjudication

CJI D Y Chandrachud warns about ethical, legal challenges in AI use in courts, stressing need for thorough review.

13 April, 2024 07:08 PM
need-to-safeguard-judiciary-from-unwarranted-pressures-21-ex-judges-write-letter-to-cji
Trending Legal Insiders
Need to safeguard judiciary from unwarranted pressures: 21 ex-judges write letter to CJI

21 ex-judges write to CJI Chandrachud urging protection of judiciary from pressures undermining its integrity and autonomy.

15 April, 2024 12:17 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email