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High Court sets aside tax dept notice to start reassessment proceedings against Vedanta

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The Delhi High Court has set aside a notice by the income tax department notice to start reassessment proceedings against Vedanta Ltd. over alleged wrongful availment of input tax credit of INR 4.24 billion, , for assessment year 2019–20, without actual receipt of goods at the declared place of business of the company. The high court noted that in July, the Additional Commissioner, G... https://shorturl.at/Ni8nn

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