2024 (9) TMI 795 - SCH - Income Tax

Validity of reassessment proceedings commenced without the approval of the specified authority - As decided by HC 2023 (10) TMI 1201 - DELHI HIGH COURT sense we get is that the second condition requiring AO to obtain prior approval of the specified authority was not fulfilled, as otherwise, there was no good reason not to furnish the same to the petitioner along with the document which contained the AO s reasons for holding the belief that income otherwise chargeable to tax had escaped assessment. HELD THAT - In view of the categorical finding recorded in paragraph 13 of the impugned judgment and in the facts of the case, no case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition due to no case for interference under Article 136 of the Constitution of India. Delay was condoned, and pending applications were disposed of.