2025 (4) TMI 1280 - SCH - Income Tax

Reopening of assessment against non non-existent company - Validity of notices issued under the unamended Section 148 post-01.04.2021 - Scope of new provision section 148A - As decided by HC 2025 (1) TMI 820 - DELHI HIGH COURT notice is in the name of the petitioner and therefore cannot be faulted on account of the impugned notice having been issued in the name of a non-existent company. HELD THAT - Having heard the learned Senior counsel appearing for the petitioner and having gone through the materials on record we find no reason to interfere with the impugned order passed by the High Court. Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court, through Hon'ble Justices J. B. Pardiwala and K. V. Viswanathan, allowed the exemption application and, after hearing senior counsel and reviewing the record, found "no reason to interfere with the impugned order passed by the High Court." Consequently, the Special Leave Petition was dismissed, and all pending applications were disposed of.