https://www.taxtmi.com/caselaws?id=441708 The Supreme Court granted leave for the appeal against the final judgment of the High Court of Delhi in ITA No. 100/2022. The appeal was dismissed as no incriminating material was found during the search, in alignment with the decision in Municipal Commissioner of Income Tax v. Abhisar Buildwell Pvt. Ltd. However, it was clarified that completed/unabated assessments could still be reopened by the Assessing Officer under Sections 147/148 of the Income Tax Act, as per the ruling in Abhisar's case. The powers for reopening assessments were preserved, and pending applications were to be disposed of accordingly. en-us Mon, 10 Jul 2023 00:00:00 +0530 Mon, 25 Sep 2023 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441708 The Supreme Court granted leave for the appeal against the final judgment of the High Court of Delhi in ITA No. 100/2022. The appeal was dismissed as no incriminating material was found during the search, in alignment with the decision in Municipal Commissioner of Income Tax v. Abhisar Buildwell Pvt. Ltd. However, it was clarified that completed/unabated assessments could still be reopened by the Assessing Officer under Sections 147/148 of the Income Tax Act, as per the ruling in Abhisar's case. The powers for reopening assessments were preserved, and pending applications were to be disposed of accordingly. Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441708