2018 (11) TMI 1499 - SCH - Income Tax

Reopening of the assessment u/s 147 - as per AO income chargeable to tax had escaped the assessment - the assessee had already tabulated necessary details as were required by the Assessing Officer at the time of original assessment - there was no failure on the part of the assessee to disclose fully and truly any material facts which were necessary for assessment - Held that - No reason to interfere in the matter. The special leave petition is, accordingly, dismissed.

Summary

The Supreme Court dismissed the special leave petition as they found no reason to interfere in the matter. Delay was condoned and pending applications were disposed of.