Delhi HC quashes reassessment notice as investment in shares of Indian subsidiary couldn’t be treated as income

IT : Re-assessment notice issued on a Swiss Company on basis that investment by said company in shares of its subsidiary amounted to 'income' which had escaped assessment was to be set aside as share purchase was a 'capital account' transaction and could not be treated as income

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000189993/delhi-hc-quashes-reassessment-notice-as-investment-in-shares-of-indian-subsidiary-couldn’t-be-treated-as-income.aspx