SC Rejected Appeal as Findings on Section 10(38) exemption Were Purely Factual

PCIT Vs Kishore Kumar Mohapatra (Supreme Court of India) The Supreme Court considered a Special Leave Petition (SLP) arising from the Orissa High Court’s judgment concerning the Revenue’s challenge to an order of the Income Tax Appellate Tribunal (ITAT). The Supreme Court heard the petitioner’s senior counsel, condoned the delay, but found no grounds to interfere under Article 136 of the Constitution. The SLP was therefore dismissed, and all pending applications were disposed of. This left the High Court’s judgment intact. Read Orissa High Court Judgment: Appeal Dismissed as Assessmen...