2025 (7) TMI 1441 - SCH - Income Tax

Validity of reassessment proceedings - show cause notices issued u/s 148 in matters relating to international tax charges as exempted to follow the statutory faceless procedure - scope of National Faceless Assessment Centre u/s 144B - HELD THAT - Having heard the learned counsel appearing for the petitioners Revenue and having gone through the materials on record we find no good reason to interfere with the impugned order passed by the High Court. Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court, with Justices J.B. Pardiwala and R. Mahadevan presiding, granted condonation of delay and allowed the exemption application. After hearing counsel for the petitioners (Revenue) and reviewing the record, the Court found "no good reason to interfere with the impugned order passed by the High Court." Consequently, the Special Leave Petition was dismissed, and all pending applications were disposed of.