2023 (5) TMI 639 - SCH - Income Tax

Reopening of assessment u/s 147 - reopening beyond period of four years - change of opinion - HELD THAT - In the peculiar facts and circumstances of the present case and considering the fact that a similar Special Leave Petition in Assistant Commissioner of Income Tax, Circle 6 (2) (1), Mumbai Ors. vs. CEAT Ltd. 2023 (1) TMI 73 - SC ORDER having found that all the conditions required for re-assessment of the assessment of four years are not satisfied, we see no reason 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. The Special Leave Petition stands dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition due to lack of satisfied conditions for re-assessment of assessment of four years. Similar case dismissed earlier. Pending applications disposed of.