Held that during the relevant year, assessee having only repatriated the amounts invested in non-convertible debentures in the earlier years, no income accrued or arose in the relevant assessment year. Reassessment notice and order is quashed.(AY. 2017-18)
BCP V. Singapore Fvci Pte. Ltd. v. ACIT (2024) 229 TTJ 46 (UO) / 159 taxmann.com 63 (Delhi)(Trib)
S. 147 : Reassessment-Repatriated the amounts invested in non-convertible debentures in the earlier years-No escapement of income-Reassessment notice and order is quashed.[S. 148]
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