2018 (12) TMI 606 - SCH - Income Tax

Reopening of assessment - case of petitioner is that since amalgamation, the company had no legal existence - also, it was claimed that M/s. Dharmanath Share & Services Private Limited was subjected to assessment under Section 153 C in which entire transactions; including the commission amount, have been taxed. The same cannot now be taxed in the hands of assessee - Held that - We see no reason to entertain this petition. Accordingly, the special leave petition is dismissed.

Summary

Title: Supreme Court dismisses special leave petition

Judges: HON'BLE MR. JUSTICE S.A. BOBDE And HON'BLE MR. JUSTICE NAVIN SINHA

Decision: Delay condoned. The petition is dismissed.