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<h1>The Supreme Court dismissed the Special Leave Petition after condoning the delay.</h1> <h3>THE ASSISTANT COMMISSIONER OF INCOME TAX (8) (3) (1) MUMBAI & ORS. Versus THE SWASTIK SAFE DEPOSIT AND INVESTMENTS LTD.</h3> The Supreme Court dismissed the Special Leave Petition after condoning the delay. - THE ASSISTANT COMMISSIONER OF INCOME TAX (8) (3) (1) MUMBAI & ORS. ... Reopening of assessment u/s 147 - crux of the petitioner's objection to the notice of reopening of assessment was that there is no income chargeable to tax which had escaped assessment - liability to pay capital gain tax on the proceeds of sale of shares - HC do not find that the Assessing Officer had dealt with the contention of the petitioner that the petitioner is in a position to establish that the shares in question were held by Savoy Finance for a period in excess of one year and therefore, there was no liability to pay capital gain tax on the proceeds of sale of shares - HELD THAT:- SLP dismissed. The Supreme Court dismissed the Special Leave Petition after condoning the delay. (2019 (10) TMI 838 - SC)