2016 (8) TMI 612 - SCH - Income Tax

Validity of notice issued under section 201(1)/201(1A) - Held that - HC order 2015 (11) TMI 408 - DELHI HIGH COURT confirmed. No new information has come and the impugned notice that was issued on January 20 2015 was on the basis of the same information in respect of which the notice dated February 17 2014 had been issued. Thus those proceedings which had ended and attained finality with the passing of the order dated December 5 2014 of this court in cannot now be sought to be revived through this methodology adopted by the Assessing Officer. Even otherwise in so far as the financial year 2007-08 is concerned the period for completing the assessment under section 201(1)/201(1A) has expired on March 31 2015. We do not find any merit in this petition. The special leave petition is accordingly dismissed.

Summary

The Supreme Court of India dismissed the special leave petition as it found no merit in the case. The delay was condoned, and any pending applications were disposed of.