SC Dismisses Tax Petition Citing R.K. Build & Rajeev Bansal case

ACIT Vs Nehal Ashit Shah (Supreme Court of India) The Supreme Court of India dismissed a Special Leave Petition filed by the Assistant Commissioner of Income Tax (ACIT) against Nehal Ashit Shah. The Court condoned the delay in filing the petition. During the hearing, both parties suggested the petition could be resolved by adhering to the Supreme Court’s order in Income Tax Officer Ward 1(2) Jaipur vs. R.K. Build Creations Private Limited (Special Leave Petition (Civil) Diary No. 59625 of 2024), dated January 17, 2025. That precedent case referenced a concession made by the petitioner-De...