2024 (1) TMI 867 - SCH - Income Tax

Assessment u/s 153A r.w/s 153C Rejecting the claim of agricultural income and treating the income as income from other sources - HELD THAT - Following the earlier order passed by this Court in M/S NILAMBUR TRADERS 2023 (9) TMI 849 - SC ORDER as held resistance to the notice by the assessee is very informal. As already noted, the said reply did not convince the assessing authority. No exception to the findings of fact recorded in this behalf is argued. Special leave petitions are also dismissed by holding that the High Court has rightly recorded that no substantial question of law arose in the appeals filed under Section 260A of the Income Tax Act, 1961. Decided against assessee.

Summary

The Supreme Court dismissed special leave petitions under Section 260A of the Income Tax Act, 1961, as no substantial question of law arose. The delay in refiling the petitions was condoned.