2018 (7) TMI 305 - SCH - Income Tax

Unexplained cash deposits - assessee failure to prove credit worthiness and genuineness of the transaction for receipt of advance - Held that - Four weeks time as a last opportunity is granted to learned counsel for the petitioner to cure the defects pointed out by the Registry failing which the Special Leave Petition shall stand dismissed without further reference to the Court.

Summary

The Supreme Court of India granted four weeks to the petitioner's counsel to address defects identified by the Registry. Failure to do so will result in the dismissal of the Special Leave Petition.