2020 (10) TMI 42 - SCH - Income Tax

Assessment u/s 153A - absence of any incriminating material in search - Low tax effect - HELD THAT - Learned counsel for the petitioner, on instructions issued by the Department of Revenue, Ministry of Finance vide F. No. 390/Misc./116/2017-JC dated 22-8-2019, seeks permission to withdraw this special leave petition along with pending applications therein due to low tax effect. Permission granted, subject to just exceptions. SLP and pending applications are dismissed as withdrawn, leaving question(s) of law open.

Summary

The Supreme Court allowed the petitioner to withdraw their special leave petition and pending applications due to low tax effect. The special leave petition and applications were dismissed as withdrawn, leaving questions of law open.