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<h1>Supreme Court Rejects Special Leave Petition After Petitioner's Concession in Related Case, Finding No Substantial Merit</h1> <h3>The Income Tax Officer Ward 1 (2) Jaipur Versus R.K. Build Creations Private Limited</h3> SC dismissed the SLP after noting the petitioner's concession in a related case (Union of India vs. Rajeev Bansal). The Court condoned delay and found no ... Validity of reassessment notices/ proceedings - scope of notices issued under Section 148 of the new regime between July and September 2022 - Application of TOLA to the Income Tax Act after 1 April 2021 - Whether TOLA and notifications issued under it will also apply to reassessment notices issued after 1 April 2021? - HELD THAT:- Having regard to the concession made by the petitioner-Department in the case of Union of India vs. Rajeev Bansal [2024 (10) TMI 264 - SUPREME COURT (LB)] this Special Leave Petition would not survive for further consideration. Special Leave Petition is dismissed. The Supreme Court, with Hon'ble Justices B.V. Nagarathna and Satish Chandra Sharma presiding, addressed a Special Leave Petition. After hearing counsel for the petitioner and noting the absence of representation for the respondent, the Court 'condoned delay.' Relying on the concession made by the petitioner-Department in a related case, Union of India vs. Rajeev Bansal, Civil Appeal No. 8629 of 2024, the Court held that the Special Leave Petition 'would not survive for further consideration.' Consequently, the Court 'dismissed' the petition and disposed of any pending applications.