https://www.taxtmi.com/caselaws?id=463571 The SC dismissed the revenue's Special Leave Petition, finding a 183-day unexplained delay in filing and concluding the petition lacked merit. The challenge to reopening assessment under section 147-concerning whether authorities had mere suspicion or sufficient reason to believe income was escaped-was rejected on its merits. Consequently the petition was dismissed both for inordinate delay and for failure to establish substance in the claims against the reassessment. en-us Fri, 22 Nov 2024 00:00:00 +0530 Wed, 29 Apr 2026 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463571 The SC dismissed the revenue's Special Leave Petition, finding a 183-day unexplained delay in filing and concluding the petition lacked merit. The challenge to reopening assessment under section 147-concerning whether authorities had mere suspicion or sufficient reason to believe income was escaped-was rejected on its merits. Consequently the petition was dismissed both for inordinate delay and for failure to establish substance in the claims against the reassessment. Case-Laws Income Tax Fri, 22 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463571