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<h1>Petition Dismissed Due to 122-Day Delay and Lack of Merit; Highlights Importance of Timely, Convincing Legal Arguments.</h1> <h3>ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 3 (1) (1) Versus M/s N.K. INDUSTRIES LIMITED</h3> ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 3 (1) (1) Versus M/s N.K. INDUSTRIES LIMITED - TMI The Supreme Court dismissed the Special Leave Petition due to a delay of 122 days and lack of merit. The petition was filed by the petitioner's counsel but was not satisfactorily explained.