Author: Outlook Web Bureau
Publication: Outlookindia.com
Date: August 11, 2017
URL:   https://www.outlookindia.com/website/story/high-court-dismisses-ndtvs-plea-against-i-t-department-reassessment/300257

The Delhi High Court today dismissed media house NDTV's plea challenging the Income Tax department's decision to initiate re-assessment proceedings against it for the assessment year 2008-09.

A bench of Justices S Ravindra Bhat and Najmi Waziri also declined to grant any relief to NDTV on its plea against a provisional attachment order of the department.

The details of the judgement are awaited.

A lawyer associated with the matters said the reassessment proceedings were initiated by the I-T department to tax alleged unaccounted income of the channel for the financial years 2007-08.

Some assets of the company were provisionally attached in connection with tax demands raised on the channel.