2021 (11) TMI 1197 - SCH - Income Tax

Validity of reopening of assessment - re assessment beyond the period of four years from the end of relevant assessment year - As decided by HC 2019 (1) TMI 122 - BOMBAY HIGH COURT AO cannot justify issuing the notice of re opening of assessment beyond the period of four years from the end of relevant assessment yea - HELD THAT - We do not see any reason to interfere. The Special Leave Petition is, accordingly, dismissed. Pending applications, if any, also stand disposed of.

Summary

Issues involved: Special Leave Petition dismissal.

The Supreme Court of India, comprising Hon'ble Mr. Justice Uday Umesh Lalit and Hon'ble Mr. Justice S. Ravindra Bhat, heard arguments from Mr. Balbir Singh, Additional Solicitor General for the petitioner, and Mr. Ajay Vohra, Senior Advocate for the respondent. After considering the submissions, the Court found no grounds to interfere and consequently dismissed the Special Leave Petition. Any pending applications were also disposed of in light of this decision.