2018 (9) TMI 884 - SCH - Income Tax

Reopening of assessment - reason to believe - sum received by the assessee company by way of remuneration as a partner of one Zydus Healthcare, Sikkim - assessee claimed that the said income was exempt in terms of section 28(v) - nature of income - Held that - Finally four weeks time is granted to the 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 granted four weeks to the petitioner's counsel to fix defects in the special leave petition; otherwise, the petition will be dismissed. (2018 (9) TMI 884 - SC)