2024 (8) TMI 829 - SCH - Income Tax

Reopening of assessment - funds which were essentially meant to carry out activities in relation to a trust Legal Initiative for Forest and Environment were diverted to the account of the petitioner and that no professional services were either rendered or details thereof furnished - as decided by HC 2024 (5) TMI 1460 - DELHI HIGH COURT find no justification to entertain the challenge at this stage bearing in mind the conclusions which stand incorporated in the order passed u/s 148A(d) and which have been extracted hereinabove. With the allegation of diversion of income as evident on a consideration of the conclusions tentatively arrived at by that authority and which constitutes its prima facie opinion it cannot be said that the authority has failed to bear in consideration the principles that govern the commencement of action under Section 148 or that the opinion formed is wholly untenable or perverse. WP dismissed. HELD THAT - We are not inclined to entertain the Special Leave Petitions under Article 136 of the Constitution of India. Special Leave Petitions are accordingly dismissed. Pending applications if any stand disposed of.