2001 (8) TMI 18 - SCH - Income Tax

Special Audit - complexity of the appellant s accounts - submission that the assessment in respect of the concerned assessment year has become time barred, is not acceptable - order was for complexity of the appellant s accounts, which are referred to in some detail in the joint Commissioner s order - High Court was right in summarily dismissing the appellant s writ petition

Summary

The Supreme Court dismissed the civil appeal, stating that the assessment for the concerned year was not time-barred and found no reason to interfere with the High Court's decision. The appeal was dismissed with costs.