Expenditure towards salaries and wages could not be represented as ‘asset’ as per section 149(1)(b)- Reassessment proceedings beyond 3 years quashed by Delhi HC The Delhi High Court in the case of Ratnagiri Gas and Power Private Limited [TS-562-HC-2025(DEL)] recently quashed the reassessment proceedings, inter-alia, on the ground that proceedings initiated beyond 3 years…
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