2025 (3) TMI 309 - SCH - Income Tax

Bogus purchases - bogus accommodation bills - hawala transactions from certain parties who were only providing accommodation sale bills - delay filling SLP As decided by HC 2022 (2) TMI 1482 - BOMBAY HIGH COURT purchases cannot be rejected without disturbing the sales in case of a trader and additions limited to the extent of bringing the G.P. rate on purchases at the same rate of other genuine purchases. HELD THAT - There is a gross delay of 628 days in filing this Special Leave Petition. Following the order passed by this Court in Hasmukh J Visaria 2024 (3) TMI 1415 - SC ORDER this Special Leave Petition also stands dismissed both on the ground of delay as well as on merits.

Summary

The Supreme Court, in a judgment delivered by Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Satish Chandra Sharma, condoned a delay of 628 days in filing a Special Leave Petition. The Court cited a previous order in a similar matter and dismissed the petition on both the grounds of delay and merits. The Court emphasized that the petition had to be dismissed due to low tax effect. Pending applications were also disposed of in line with this decision.