2025 (5) TMI 537 - SCH - Income Tax

Disallowance u/s 14A - connection between the subject expenditure and the exempt income - Adjustments on account of delay in realization of receivables - TP Adjustment - comparable selection - HC 2023 (12) TMI 140 - DELHI HIGH COURT allowed assessee appeal - HELD THAT -There is no satisfactory explanation for condoning the delay of 387 days in filing the Special Leave Petition. The Special Leave Petition is accordingly dismissed on the ground of delay. Pending application also stands disposed of.

Summary

The Supreme Court, through Hon'ble Justices Abhay S. Oka and Ujjal Bhuyan, dismissed the Special Leave Petition due to an unexplained delay of 387 days in its filing. The Court held that "there is no satisfactory explanation for condoning the delay," leading to dismissal on the ground of delay. Consequently, the pending application was also disposed of.