Supreme Court Dismisses Income Tax Appeal Against NDTV Holding Company

The Supreme Court dismissed the Income Tax Department’s appeal against a Delhi High Court ruling that quashed reassessment proceedings against RRPR Holdings Private Limited, NDTV's holding company.

The Bench dismissed the Revenue's plea primarily on the ground of delay. The dispute involved the 2009–10 assessment year, where tax officers attempted to disallow over ₹66 crore in expenses linked to minimal exempt income.

The Income Tax Appellate Tribunal previously ruled that such disallowances cannot exceed the actual exempt income earned.

The High Court held this finding binding, striking at the root of the reassessment.

[Deputy Commissioner of Income Tax v. RRPR Holdings Pvt. Ltd.]