2024 (7) TMI 1501 - SCH - Income Tax

Reopening of assessment u/s 147 - reasons to believe - tangible material with the AO justifying reopening of the assessment - As decided by HC 2023 (3) TMI 418 - BOMBAY HIGH COURT once the facts and claims were enquired into during the original assessment, a notice on the same would be construed as a change of opinion, for the purposes of reopening of the assessment - HELD THAT - Delay condoned. Application for exemption from filing certified copy of the impugned judgment is allowed. Leave granted.

Summary

The Supreme Court in Citation 2024 (7) TMI 1501 - SC Order, with Hon'ble Mr. Justice Abhay S. Oka and Hon'ble Mr. Justice Ujjal Bhuyan, allowed the delay condonation, exemption from filing certified copy of the judgment, and granted leave. Petitioner represented by Mr. N Venkatraman, A.S.G., Mr. Raj Bahadur Yadav, AOR, and others.