1988 (8) TMI 40 - HC - Income Tax

Summary

The Bombay High Court upheld the Tribunal's decision to disallow the reopening of excess profits tax assessment due to inordinate delay of 13 to 14 years, citing lack of satisfactory explanation. The court referenced previous judgments and emphasized that delay in such cases can be grounds for quashing proceedings. The rule was discharged with no costs. (Case Citation: 1988 (8) TMI 40 - BOMBAY High Court)