2017 (10) TMI 1274 - SCH - Income Tax

SC dismisses Special Leave Petition, condones delay, disposes of pending applications.

The SC dismissed the Special Leave Petition and condoned the delay, disposing of pending applications accordingly. - TMI Reopening of assessment - expenses on films/Tapes of TV serials allowability - change in opinion - Held that:- SLP dismissed. HC Order confirmed [2017 (10) TMI 1273 - DELHI HIGH COURT]. High Court has held that, 'As full facts relating to debited expenses on account of expenses on films/Tapes of TV serials were available before the A.O. at the time of framing the original assessment order. All other material facts were already disclosed fully and truly necessary for the said assessment were also available and considered by the A.O. originally. On the basis of the same facts and figures which were considered and one possible view has been taken the same A.O. or his successor A.O. cannot take a different view as it would amount to a change in opinion which is not permitted.' The Supreme Court dismissed the Special Leave Petition and condoned the delay. Pending applications were disposed of accordingly.