2021 (5) TMI 624 - SCH - Income Tax

Reopening of assessment - Jurisdiction of AO u/s 127 - whether ITAT possessed jurisdiction to return a finding on whether the AO‟s order was a nullity, and can give the verdict that such adjudication cannot go into the merits of such of the proceedings? High Court 2015 (2) TMI 410 - DELHI HIGH COURT has decided the issue in favor Revenue. Assessee has withdrawn its appeal from Supreme Court.

Summary

The Supreme Court of India dismissed a civil appeal as withdrawn upon submission of I.A. No.31031 of 2021 by the appellant's counsel, who had instructions not to proceed with the appeal.