TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
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>Petition Dismissed Due to 292-Day Filing Delay Without Satisfactory Explanation; All Pending Applications Disposed</h1> <h3>PRINCIPAL COMMISSIONER OF INCOME TAX 1 Versus DIVYABEN PRAFULCHANDRA PARMAR</h3> The SC dismissed a Special Leave Petition due to a 292-day delay in filing, which lacked satisfactory explanation. Consequently, the petition was ... Unexplained income u/s 68 - sale proceeds of the share treated as bogus - Delay filling SLP As decided by HC [2024 (1) TMI 800 - GUJARAT HIGH COURT] claim of the assessee for exemption of Long Term Capital Gains u/s 10(38) cannot be held to be bogus on the basis of presumption in absence of any evidence brought on record by the assessee with regard to shares of Sunrise Asian Ltd, which is not even found to be rigged by the SEBI also - assessee held the shares for two and half years and after holding the shares for a long period, the same were sold by the assessee - HELD THAT:- There is a gross delay of 292 days in filing the Special Leave Petition which has not been satisfactorily explained by the petitioner. Special Leave Petition is, accordingly, dismissed on the ground of delay. The Supreme Court, in a judgment delivered by Hon'ble Mr. Justice J. B. Pardiwala and Hon'ble Mr. Justice R. Mahadevan, dismissed a Special Leave Petition due to a significant delay of 292 days in filing, which was not satisfactorily explained by the petitioner. The court ruled that the petition be dismissed on the grounds of delay, with pending applications also being disposed of accordingly. The counsel for the Revenue, Mr. S Dwarakanath, Additional Solicitor General, represented the petitioner in this case.
TaxTMI 
TaxTMI 
