SIAM STOCK HOLDINGS LIMITED vs ASSISTANT/ DEPUTY COMMISSIONER OF INCOME TAX CIRCLE INTERNATIONAL TAXATION 3(1)(2) & ORS.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 19.09.2025 W.P.(C) 14580/2025 CM APPL. 59830/2025 SIAM STOCK HOLDINGS LIMITED .....Petitioner Through: Mr. Rohit Jain and Mr. Samarth Chaudhari, Advs. versus ASSISTANT/ DEPUTY COMMISSIONER OF INCOME TAX CIRCLE INTERNATIONAL TAXATION 3(1)(2) & ORS. .....Respondents Through: Mr. Siddharth Sinha, SSC CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MR. JUSTICE VINOD KUMAR V. KAMESWAR RAO , J. (ORAL) CM APPL. 59831/2025 1. Exemption allowed, subject to all just exceptions. 2. The application is disposed of. W.P.(C) 14580/2025 and CM APPL. 59830/2025 3. This petition has been filed with the following prayers : “(I) Issue a writ in the nature of certiorari/ mandamus or any other appropriate writ, order or direction for quashing: (a) show-cause notice dated 17.03.2023 issued by Respondent No.1 under section 148A(b) of the Income Tax Act, 1961 (’the Act’); (b) order dated 17.04.2023 passed by Respondent No.1 under section 148A(d) of the Act with prior approval of Respondent No.2, W.P.(C) 14580/2025 (c) reassessment notice dated 17.04.2023 issued by Respondent No.1 under section 148 of the Act; (d) ex-parte best judgment assessmen