https://www.taxtmi.com/caselaws?id=776203 The SC dismissed the special leave petition challenging the validity of reassessment proceedings under section 148A(d) due to unexplained share transactions. The HC had held that the AO failed to justify reopening the assessment, relying solely on the petitioner's failure to furnish the Sales and Purchase Register. The SC declined to condone the delay in filing the petition and refused to entertain it on merits, thereby upholding the HC's decision and dismissing the petition. en-us Fri, 01 Aug 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776203 The SC dismissed the special leave petition challenging the validity of reassessment proceedings under section 148A(d) due to unexplained share transactions. The HC had held that the AO failed to justify reopening the assessment, relying solely on the petitioner's failure to furnish the Sales and Purchase Register. The SC declined to condone the delay in filing the petition and refused to entertain it on merits, thereby upholding the HC's decision and dismissing the petition. Case-Laws Income Tax Fri, 01 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776203