The SC has quashed the Income Tax notice issued to NDTV giving it a big relief. The court ruled that the statutory authority did not give a fair chance to the company. But the SC bench presided over by Justice L Nageswara Rao observed that the I-T department can go ahead with the case by adopting proper procedure and giving fair opportunity to the petitioner.

The court allowed the media behemoth's appeal against notice issues to it in 2015 by the IT department for allegedly not disclosing hundreds of crore received through its subsidiaries overseas.

The bench, however, made it clear that it did not express any opinion on facts of the case and the I-T department may issue a fresh notice if permissible under the law. The only issue is that the I-T department has not adopted fair or proper procedure as the TV channel was "deprived of the fair chance" and "a proper and adequate opportunity" to reply to the notice under the law.