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2024 (7) TMI 1146 - SCH - Income TaxReopening of assessment u/s 147 - Notice issued after the expiry of four years - gain on sale of land - treating the land in question as stock in trade or capital asset - As decided by HC 2023 (9) TMI 437 - BOMBAY HIGH COURT there was no failure to disclose any material fact, on that ground alone the notice issued u/s 148 has to be quashed - HELD THAT - Following the order dated 2023 (11) TMI 291 - SC ORDER passed by this Court in SLP, this Special Leave Petition is also dismissed.
The Supreme Court dismissed the Special Leave Petition based on an earlier order and condoned the delay. Any pending applications were also disposed of.
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