2024 (2) TMI 1051 - SCH - Income Tax

Revision petition u/s 264 - validity of Assessment u/s 153A/153C - whether assumption of jurisdiction by the AO u/s 153C was illegal and therefore the entire proceedings were void ab initio - As decided by HC 2017 (5) TMI 1425 - DELHI HIGH COURT no ground to invalidate the assumption of jurisdiction under Section 153C and CIT's impugned orders are not unfair, unjust or irrational and are consistent with the basic procedural requirements. On none of these counts do the impugned orders of the CIT in the present case warrant interference HELD THAT - We are not inclined to interfere with the impugned judgment and order passed by the High Court. Hence, the Special Leave Petitions are dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions and did not interfere with the impugned judgment and order passed by the High Court. Delay was condoned, and pending applications were disposed of.