Delhi High Court Quashes Income Tax Notices Against NDTV Founders Prannoy Roy And Radhika Roy; Imposes ₹2 Lakh Cost On Dept

The Delhi High Court has set aside the income tax reassessment notices issued to New Delhi Television Ltd. (NDTV) founders Prannoy Roy and Radhika Roy (petitioners), relating to a transaction involving RRPR Holding Pvt. Ltd, a promoter group of the news network.The bench further imposed Rs. 2 Lakh costs on tax authorities, directing that Rs. 1 Lakh be paid to each petitioner.Senior...