2018 (8) TMI 585 - SCH - Income Tax

Validity of reopening of assessment u/s 147 - reasons to believe - the finding of fact is that the Assessing Officer had an occasion to examine the details - Held that - No merit in these petitions. The Special Leave Petitions ares accordingly dismissed. The question of law is however, kept open.

Summary

The Supreme Court of India, in 2018, dismissed the Special Leave Petitions filed by the petitioner. The question of law is kept open, and pending applications shall stand disposed of.