HC dismisses NDTV's plea against I-T dept reassessment

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.