SLP Filed Only to Get SC Stamp Dismissed Due to 426-Day Delay & Vague Explanation

ACIT Vs Adani Power Limited (Supreme Court of India) The Special Leave Petition before the Supreme Court of India arose from a judgment dated 05.08.2024 passed by the Gujarat High Court, by which the High Court had quashed a reassessment notice issued under Section 148 of the Income-tax Act, 1961, dated 31.03.2021, along with the order rejecting the assessee’s objections to the reopening. Read Gujarat High Court Judgment: Gujarat HC Quashed Reopening Due to Absence of Fresh Tangible Material The Supreme Court noted at the outset that the High Court’s decision on merits did not warrant any...