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2023 (7) TMI 619 - SC ORDERReopening of assessment - Deemed dividend u/s 2(22)(e) - change of opinion - reasons to believe -whether information received from the Deputy Commissioner of Income Tax, Company Circle V(1) constituted new information? - As decided by HC [2018 (10) TMI 373 - MADRAS HIGH COURT] considering factual position as well as the returns and the audit report, assessee failed to disclose vital details at the time when the scrutiny assessment was completed u/s143(3) and also findings rendered by the Tribunal and the Authorities below on the concept of 'deemed dividend' call for no interference. HELD THAT:- This Court is not inclined to interfere with the impugned judgment and order of the High Court. SLP dismissed.
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