SC dismisses UP govt's appeal against Allahabad HC's Flipkart tax order

The Supreme Court upheld the Allahabad High Court's decision to quash tax reassessment proceedings against Flipkart India for the assessment year 2012-13. The court deemed the reassessments, initiated by the Uttar Pradesh government, time-barred. The High Court had found no justification for the reassessment, stating there was no evidence of escaped turnover or suppression.