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| The Tax Publishers2020 TaxPub(DT) 0308 (SC) : (2020) 268 TAXMAN 0390 INCOME TAX ACT, 1961
Section 261 Section 148
Where the department preferred SLP to appeal against the judgment of Bombay High Court in Pr CIT v. L&T Ltd. [ITA No. 1357 of 2016, dt. 11-1-2019] : 2020 TaxPub(DT) 547 (Bom-HC), whereby the High Court held that perusal of reasons recorded by AO would show that Tribunal was perfectly correct in coming to conclusion that notice of reopening of assessment was invalid, that there was no element of lack of true and full disclosure on the part of assessee, which resulted into any income chargeable to tax escaping assessment, the Supreme court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Reassessment - Validity--No failure on the part of assessee in disclosing full and true material facts
Department preferred SLP to appeal against the judgment of Bombay High Court in Pr CIT v. L&T Ltd. [ITA No. 1357 of 2016, dt. 11-1-2019] : 2020 TaxPub(DT) 547 (Bom-HC), whereby the High Court held that perusal of reasons recorded by AO would show that Tribunal was perfectly correct in coming to conclusion that notice of reopening of assessment was invalid, that there was no element of lack of true and full disclosure on the part of assessee, which resulted into any income chargeable to tax escaping assesssment.Held: The Supreme Court dismissed the SLP.
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