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2016 (12) TMI 877 - SC ORDERValidity of reopening of assessment - payment of purchase price in excess to the SMP - Held that:- HC order [2015 (7) TMI 297 - GUJARAT HIGH COURT] confirmed as in absence of any allegation in the notice under Section 148 of the Act that there was any failure on the part of the assessee to disclose truly and fully all material facts necessary for assessment, the assumption of jurisdiction is absolutely wholly without jurisdiction and illegal.. We do not find any legal and valid ground for interference. The Special Leave Petition is dismissed. - Decided in favour of assessee
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