2018 (7) TMI 1697 - SCH - Income Tax

Validity of assessment under Section 153A/143 - materials on record concluded that the so called incriminating materials, which were sought to be the basis for bringing the amounts to tax, were not really so - Held that - Delay condoned. Leaving the question of law open, this special leave petition is dismissed on the ground of low tax effect.

Summary

The Supreme Court of India dismissed a special leave petition due to low tax effect. The delay was condoned, and pending applications were disposed of. No representation was made by the respondent. (Citation: 2018 (7) TMI 1697 - SC Order)