2023 (8) TMI 774 - SCH - Income Tax

Reopening of assessment u/s 147 - Reopening on the basis of the audit objections - as decided by HC 2022 (1) TMI 900 - BOMBAY HIGH COURT reasons for reopening of the assessment are almost identically worded as that of audit report, the reopening of the assessment is misconceived, incorrect and bad in law - HELD THAT - As SLP is dismissed on the ground of delay as well as on merits. All pending applications are disposed of.

Summary

Title: Supreme Court Judgment - 2023 (8) TMI 774 - SC Order

Judges: Hon'ble Mr. Justice S. Ravindra Bhat and Hon'ble Mr. Justice Aravind Kumar

Petitioner's Counsel: Mr. N Venkatraman, A.S.G. Mr. Raj Bahadur Yadav, AOR Mr. Ishaan Sharma, Adv. Mr. Annirudh Sharma Ii, Adv. Mr. Ruchi Gaur Narula, Adv. Mr. V C Bharathi, Adv. Mr. Praneet Pranab, Adv.

Decision: Special leave petition dismissed due to delay and on merits. All pending applications disposed of.