Reopening for Depreciation Claim: SC Dismisses Revenue Appeal Over Delayed Filing

ACIT Vs Unique Tags Private Ltd. (Supreme Court of India)

The case involves a Special Leave Petition (SLP) filed by the Revenue before the Supreme Court against the Gujarat High Court’s order in Unique Tags Pvt. Ltd. vs ACIT, concerning the reopening of assessment for Assessment Year (AY) 2011-12 under sections 147, 148, and 144 of the Income Tax Act, 1961. The Supreme Court dismissed the SLP on the ground of a gross delay of 1,040 days in filing, without examining the merits of the case.

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