https://www.taxtmi.com/caselaws?id=780369 SC dismissed the belated special leave petition as barred by delay (429 days) and refused to condone the delay. The Court noted settled HC law that reopening under s.147 requires a live or close nexus between information before the ITO and a bona fide belief of escapement of income; powers to reopen are not plenary and vague, distant, or far-fetched material cannot justify reopening. The petitioner's challenge to the HC decision was therefore not entertained due to procedural delay. en-us Mon, 27 Oct 2025 00:00:00 +0530 Wed, 29 Oct 2025 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780369 SC dismissed the belated special leave petition as barred by delay (429 days) and refused to condone the delay. The Court noted settled HC law that reopening under s.147 requires a live or close nexus between information before the ITO and a bona fide belief of escapement of income; powers to reopen are not plenary and vague, distant, or far-fetched material cannot justify reopening. The petitioner's challenge to the HC decision was therefore not entertained due to procedural delay. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780369