2020 (4) TMI 409 - SCH - Income Tax

Reopening of assessment in exercise of powers u/s 153A - Tribunal quashing the order u/s 153A stating that in absence of any incriminating material on issue which has already been examined and finalized in original assessment cannot be reexamined and reopened - HC held at such assessment cannot be reexamined or reopened in exercise of powers under section 153A - HELD THAT - Delay condoned. Leave granted. Hearing expedited. Pleadings to be completed in the meanwhile.

Summary

The Supreme Court of India in 2020 (4) TMI 409 - SC Order, with Hon'ble Mr. Justice Rohinton Fali Nariman and Hon'ble Mr. Justice S. Ravindra Bhat presiding, condoned delay, granted leave, expedited hearing, and ordered completion of pleadings. The matter was tagged along with Civil Appeal No. 7681 of 2019.