TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SC Dismisses Special Leave Petitions, Upholds Tribunal and HC Findings, No Article 136 Interference Basis Found.</h1> The SC dismissed the Special Leave Petitions, upholding the findings of the Tribunal and the HC. The Court found no basis for interference under Article ... Revision u/s 263 - bogus LTCG - Validity of reopening of assessment u/s 147 - PCIT, Sambalpur exercised the suo motu revisional power u/s 263(1) and an order was passed directing the AO to add an entire amount u/s 68 r.w.s. 115BBE. HC held [2023 (3) TMI 268 - ORISSA HIGH COURT] if the original re-assessment order itself was not validly passed, the subsequent revisional order by the PCIT was required to be held invalid. No substantial question of law arises from the impugned order of the ITAT. Court is therefore not inclined to frame the questions of law as urged by the Revenue in the present appeals. HELD THAT:- After having heard learned counsel appearing for petitioner and after perusing the finding of facts recorded by the Tribunal in paragraph 14 and 15 of its judgment which has been confirmed by the High Court, we find no case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petitions are, accordingly, dismissed. The Supreme Court, in a judgment delivered by Hon'ble Mr. Justice Abhay S. Oka and Hon'ble Mr. Justice Ujjal Bhuyan, dismissed the Special Leave Petitions after considering the findings of facts by the Tribunal and the High Court. The Court found no grounds for interference under Article 136 of the Constitution of India. Pending applications, if any, are disposed of accordingly.
TaxTMI 
TaxTMI 
