The Delhi High Court has quashed an order by the income tax department that held that a transaction amounting to INR 73.55 million shown as expenses by Vivo Mobile India Pvt. Ltd. was bogus purchases made by it from Zhonghua (India) Eng. Pvt. Ltd. during 2017-18 (Apr-Mar), and that this should be disallowed. The court also quashed the income tax department's notice under Section 148 of the Income Tax Act, 1961, against Vivo Mobile.
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