Supreme Court Dismisses Appeal: Notice Under IT Act Section 148 for Reopening Assessment Deemed Improper.

The SC dismissed the SLP, ruling that the notice under Section 148 of the IT Act was improperly issued for reopening the assessment. The delay in filing was condoned, and all pending applications were disposed of, effectively concluding the matter in favor of the respondent taxpayer.

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The Supreme Court dismissed the Special Leave Petition, stating that the notice under Section 148 of the Income Tax Act should not have been issued for reopening the assessment. Delay was condoned, and pending applications were disposed of.

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