2025 (1) TMI 463 - SCH - Income Tax

Validity of Revision proceedings u/s 263 - period of limitation - Delay filling SLP - HC 2024 (2) TMI 1381 - RAJASTHAN HIGH COURT decided for the purposes of exercising powers u/s 263 the period of limitation for passing the order has to be reckoned from the date of original assessment order and not from the date of reassessment order, thus decided issue in favour of assessee - HELD THAT - There is a delay of 180 days in filing the Special Leave Petition which has not been satisfactorily explained. Even otherwise, we have gone through the Special Leave Petition and do not find any merit in the same. Special Leave Petition is, therefore, dismissed on the ground of delay as well as on merits.

Summary

In the Supreme Court case presided over by Hon'ble Justices J.B. Pardiwala and R. Mahadevan, the Court addressed a Special Leave Petition filed by the petitioner, represented by Mr. S. Dwarakanath and others. The Court noted a "delay of 180 days in filing the Special Leave Petition," which was not "satisfactorily explained." Upon review, the Court found no merit in the petition. Consequently, the Special Leave Petition was "dismissed on the ground of delay as well as on merits." Any pending applications related to the case were also disposed of.