MICHAEL AND SUSAN DELL FOUNDATION vs ASSISTANT/ DEPUTY COMMISSIONER OF INCOME TAX CIRCLE INTERNATIONAL TAXATION 2(2)(1) NEW & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 29.10.2025 W.P.(C) 16385/2025 MICHAEL AND SUSAN DELL FOUNDATION .....Petitioner Through: Mr. Ajay Vohra, Sr. Adv, Mr. Aniket D. Agrawal, Mr. Samarth Chaudhari, Advs. versus ASSISTANT/ DEPUTY COMMISSIONER OF INCOME TAX CIRCLE INTERNATIONAL TAXATION 2(2)(1) NEW & ANR. .....Respondents Through: Mr. Gaurav Gupta, SSC, Mr. Shivendra Singh, JSC, Mr. Yojit Pareek, JSC & Mr. Surya Jindal, Advs. CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MR. JUSTICE VINOD KUMAR V. KAMESWAR RAO, J. (ORAL) CM APPL. 67150/2025(Exemption) 1. Exemption is allowed subject to all just exceptions. 2. The Application stands disposed of. W.P.(C) 16385/2025 & CM APPL. 67149/2025 3. This petition has been filed with the following prayers: 4. The challenge in the petition is against the show cause notice dated 31.03.2025 issued under Section 148A(1) of the Income Tax Act, 1961 (“the Act”, hereinafter), order dated 29.06.2025 under Section 148A(3) of the Act & reassessment notice under Section 148 of the Act dated 31.03.2025. The subject matter of the notice is an amount of Rs.1,87,84,530/- equivalent of USD2,93,070. 5. Mr Ajay Vohra, learned Senior Couns