2023 (7) TMI 517 - SCH - Income Tax

Assessment u/s 153C - incriminating documents / material - Satisfaction Note for issue of notice u/s 153C - assessment of completed assessments/unabated assessment - as per HC 2022 (9) TMI 1331 - DELHI HIGH COURT no incriminating material had been brought on record by the AO to sustain the additions on merit - HELD THAT - There is delay of 148 days. Delay is condoned. As Department submitted that the issues raised in this Special Leave Petition stands covered by the judgment of this Court in PCIT vs. Abhisar Buildwell 2023 (4) TMI 1056 - SUPREME COURT Therefore, appropriate orders may be made in this matter. Special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition due to a delay of 148 days, which was condoned. The issues raised were covered by a previous judgment in PCIT vs. Abhisar Buildwell.