https://www.taxtmi.com/caselaws?id=769224 The SC dismissed the Special Leave Petition both on grounds of delay and merits. The court upheld the HC's decision setting aside the revision under section 263, noting that the revision was based on conjecture without rejecting the assessee's books of accounts. The assessee had furnished all relevant documents and details to the assessing officer, and no satisfactory explanation was provided for condoning the delay in filing the petition. The SC found no justification to interfere under Article 136, affirming the ITAT and HC rulings. en-us Tue, 15 Apr 2025 00:00:00 +0530 Mon, 04 Aug 2025 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769224 The SC dismissed the Special Leave Petition both on grounds of delay and merits. The court upheld the HC's decision setting aside the revision under section 263, noting that the revision was based on conjecture without rejecting the assessee's books of accounts. The assessee had furnished all relevant documents and details to the assessing officer, and no satisfactory explanation was provided for condoning the delay in filing the petition. The SC found no justification to interfere under Article 136, affirming the ITAT and HC rulings. Case-Laws Income Tax Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769224