2023 (5) TMI 554 - SCH - Income Tax

Reopening of assessment u/s 147 - Reasons to believe - Allowability of Expenditure on account of freebies incurred in violation of the provisions of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations 2022 is not admissible u/s 37(1) - As per HC reasons for reopening, there is not even a whisper as to what was not disclosed - HELD THAT - The impugned order(s) does not call for interference. The special leave petition is accordingly dismissed.

Summary

Title: Supreme Court of India dismisses special leave petition

Judges: Hon'ble Mr. Justice S. Ravindra Bhat and Hon'ble Mr. Justice Dipankar Datta

Decision: Special leave petition dismissed, impugned order(s) not interfered with

Action: Delay condoned, all pending applications disposed of