In a significant ruling, the Bombay High Court has quashed the reassessment proceedings initiated by the Income Tax Department against CapitalG LP, a United States-based limited partnership, citing the violation of the faceless assessment mechanism mandated under the Income Tax Act. The bench, comprising Justice G. S. Kulkarni and Justice Somasekhar Sundaresan, ruled in favor
Bombay High Court Quashes Reassessment Proceedings for Foreign Entity Due to Violation of Faceless Assessment Mechanism
