Delhi High Court Quashes 2016 Income Tax Notices to NDTV Founders Prannoy and Radhika Roy

The Delhi High Court quashed the 2016 income tax reassessment notices issued to NDTV founders Prannoy Roy and Radhika Roy concerning interest-free loans from RRPR Holding Pvt Ltd for the 2009-10 assessment year. The court ruled the second reassessment arbitrary and without jurisdiction, as the issue had been examined in a prior 2011-2013 reassessment. It imposed a token cost of Rs 2 lakh on the Income Tax Department, directing Rs 1 lakh to be paid to each petitioner, and quashed all related proceedings.