2024 (4) TMI 1122

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..... information furnished by the DDIT - As decided by HC [ 2023 (2) TMI 1119 - CALCUTTA HIGH COURT] only conclusion that can be arrived at is to hold that the reopening of the assessment was bad as it was based on certain alleged potential cash borrowings and certain alleged possible financial transactions - AO did not independently apply its mind to the information furnished by the DDIT which he is .....

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..... r. Udai Khanna, Adv. Mr. Snehashish Mukjerjee, Adv. Mr. Anshul Dutt, Adv. ORDER UPON hearing the counsel the Court made the following. There is a gross delay of 399 days in filing this special leave petition. The explanation given for condonation of the delay is not satisfactory or sufficient in law to condone the same. Hence, the application seeking condonation of delay is dismissed. Consequently .....

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