2018 (11) TMI 657 - SCH - Income Tax

Business Transfer Agreement (BTA) - Assessee transferred its business to Neila Retail Private Limited, should have been added to its income - Held that - When the matter was called out, nobody appeared for the petitioner. Despite grant of time, counsel for the petitioner has not taken fresh steps to serve the notice on the sole respondent. Hence, the Special Leave Petition is dismissed for non-prosecution.

Summary

The Supreme Court dismissed the Special Leave Petition for non-prosecution as nobody appeared for the petitioner despite being granted time to serve notice on the respondent. (Case Citation: 2018 (11) TMI 657 - SC Order)