Appellant's reassessment for omitted expenditure tax liability for 1994-95 to 1996-97 upheld; limitation not a bar

SC affirmed the HC's concurrent finding that reassessment proceedings were permissible because the appellant omitted and failed to disclose liability to pay expenditure tax for assessment years 1994-95 to 1996-97. The Court found no reason to interfere with the HC's conclusion that the proposed reassessment was not barred by limitation on the facts, and accordingly dismissed the civil appeals.

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Supreme Court reviewed interlocutory proceedings arising from a High Court order and, after hearing senior counsel for the parties, declined to disturb that order. The Court held that "we see no reason and ground to interfere with the impugned order passed by the High Court." Consequentially, the civil appeals were dismissed and all pending applications were directed to stand disposed of. The decision rests on the absence of any legally sufficient basis to upset the High Court's ruling rather than on re-examination of factual findings; no further substantive relief was granted. The disposition is summary and final as to the appeals and attendant interim applications.

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