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of <h1>SC dismisses Special Leave Petition, condones delay, leaves question of law open. Pending application disposed.</h1> <h3>THE DEPUTY COMMISSIONER OF INCOME TAX Versus M/s PANDESARA INSFRASTRUCTURE LTD.</h3> SC dismissed the Special Leave Petition, condoning the delay. The question of law remains open, and the pending application is disposed of. - THE DEPUTY ... Reopening of assessment - notice has been issued beyond a period of four years from the end of relevant assessment year - treatment given by the assessee to subsidy was that such amount was directly credited to Capital Reserve account by the assessee which resulted into non consideration of such amount for computation of assessee's book profit - Assessee had treated the Government grants as promoter's contribution and credited to Capital Reserve account and treated as part of shareholders' funds - HELD THAT:- Special Leave Petition dismissed. Question of law is left open. The Supreme Court dismissed the Special Leave Petition while condoning the delay. The question of law remains open, and the pending application is disposed of.
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