2023 (7) TMI 182 - SCH - Income Tax

Reopening of assessment u/s 147 - notice u/s 148 has been issued beyond six years after the end of the AY in question - as decided by HC impugned notice and the consequential orders/notices, if any, are hereby quashed - HELD THAT - In terms of Circular No. 17/2019 dated 08.08.2019 issued by Government of India, Ministry of Finance, Department of Revenue, Central Board Direct Taxes, Judicial Section, since the amount of tax involved is low, we are not inclined to interfere with the impugned order. SLP dismissed.

Summary

The Supreme Court dismissed the special leave petition citing low tax amount involved as per Circular No. 17/2019. Delay was condoned and all pending applications were disposed of.