SC: ACIT vs Amit Jain Aligns with Rajeev Bansal Ruling

ACIT Vs Amit Jain (Supreme Court of India) The Supreme Court of India has disposed of the Special Leave Petitions in the case of ACIT Vs Amit Jain, citing its earlier judgment from October 3, 2024, in Union of India & Ors. vs. Rajeev Bansal. This means the present case is governed by the principles and reasons established in the Rajeev Bansal judgment. Consequently, the revenue’s petitions have been closed. The Court has directed assessing officers to address any objections in line with the law laid down in the Rajeev Bansal case. Furthermore, assessees who remain dissatisfied after ...