2018 (7) TMI 1325 - SCH - Income Tax

Validity of assessment u/s 153A - Merely visiting the premises on the pretext of concluding the search but not actually finding anything new for being seized cannot give rise to a second panchnama - Held that - There is a delay of 86 days in filing of this special leave petition which has not satisfactorily been explained by learned counsel for the petitioner. The special leave petition is accordingly dismissed on the ground of delay.

Summary

The Supreme Court of India dismissed a special leave petition due to an unexplained delay of 86 days in filing. No satisfactory explanation was provided by the petitioner's counsel. (Citation: 2018 (7) TMI 1325 - SC)