2022 (11) TMI 1388 - SCH - Income Tax

Validity of reopening of assessment u/s 147 - reopening beyond period of four years - HELD THAT - In the present special leave petition, the reopening was post four years and therefore, we are not inclined to issue notice as full facts had been disclosed by the assessee. The assessee is not required to state the law, which the Revenue feels may be attracted. Accordingly, the special leave petition is dismissed.

Summary

The Supreme Court of India dismissed a special leave petition due to reopening after four years, with full disclosure of facts by the assessee. No notice issued as law disclosure was not required. Pending applications disposed of.