2020 (10) TMI 43 - SCH - Income Tax

Reopening of assessment u/s 147 - original order u/s 143(3) - change of opinion - disallowance made of loss on sale of stores treating them to be revenue in nature - HELD THAT - No reason to interfere in the matter. The special leave petition is dismissed, leaving all the questions of law open.

Summary

The Supreme Court of India dismissed the special leave petition, leaving all questions of law open. Delay was condoned, and pending applications were disposed of.