2021 (9) TMI 833 - SCH - Income Tax

Reopening of assessment u/s 147 - reasons to believe - no link between the statement that there is a reason to believe that income as escaped assessment - HELD THAT - No case is made out to interfere with the impugned judgment and order passed by the High Court in exercise of powers under Article 136 of the Constitution of India. Special Leave Petition is dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition as no case was made out to interfere with the impugned judgment and order passed by the High Court. Pending applications were disposed of. Justices M.R. Shah and A.S. Bopanna were on the bench.