2025 (5) TMI 219 - SCH - Income Tax

Disallowance u/s 14A - TP adjustment on account of AMP expenditure - HC 2022 (11) TMI 384 - DELHI HIGH COURT allowed assessee appeal HELD THAT - As there is a gross delay of 597 days in filing the Special Leave Petition which has not been satisfactorily explained by the petitioner/Revenue. Special Leave Petition is accordingly dismissed on the ground of delay. Pending applications if any also stand disposed of.

Summary

The Supreme Court, through Justices J.B. Pardiwala and R. Mahadevan, dismissed the Special Leave Petition filed by the petitioner (Revenue) due to a "gross delay of 597 days" which was not satisfactorily explained. The Court held that the petition is dismissed "on the ground of delay," disposing of all pending applications. However, the Court explicitly "kept open" the question of law involved.