2019 (8) TMI 709 - SCH - Income Tax

Reopening of assessment u/s 147 - failure on the part of the petitioner to disclose fully and truly all material facts - international transaction disclosure - assessment beyond a period of four years from the end of the relevant assessment year - HELD THAT - Keeping in view the tax effect involved in this matter we do not see any reason to interfere in the matter. The special leave petition is accordingly dismissed.

Summary

The Supreme Court dismissed the special leave petition due to the tax effect involved and condoned the delay. Pending applications will be disposed of accordingly.