Special Leave Petition dismissed; quashing of prosecutions from 1.7.1995-1.1.1997 block assessments upheld; Section 278E not considered SC dismissed the Special Leave Petition and upheld the HC decision quashing prosecution arising from block assessments for the period 1.7.1995-1.1.1997, ...
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Special Leave Petition dismissed; quashing of prosecutions from 1.7.1995-1.1.1997 block assessments upheld; Section 278E not considered
SC dismissed the Special Leave Petition and upheld the HC decision quashing prosecution arising from block assessments for the period 1.7.1995-1.1.1997, holding that no statutory provision then existed permitting prosecution for income disclosed in those block assessments. The Court found no need to consider applicability of Section 278E and declined the revenue's contention, concluding interference with the impugned judgment was unwarranted.
"Delay condoned." The Court refused to disturb the impugned judgment and order, stating: "We are not inclined to interfere with the impugned judgment and order." Consequentially, the "Special Leave Petition is, accordingly, dismissed." All pending applications in the matter "shall stand disposed of." No substantive reasons are recorded in the order; the disposition is summary and limited to refusal of interference, dismissal of the SLP, and disposal of pending applications.
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