SC Dismisses Appeal Due to Delay, Upholds Time-Barred Reassessment Notice Ruling

ACIT Vs Wave Silver Tower Private Limited (Supreme Court of India) In ACIT Vs Wave Silver Tower Private Limited, the Supreme Court of India dismissed the Special Leave Petition filed by the Revenue against the decision of the Delhi High Court, both on the ground of delay and on merits. The Court noted a gross delay of 411 days in filing the petition, which was not satisfactorily explained, and therefore declined to entertain it. Additionally, the Court found no reason to interfere with the High Court’s judgment. Read HC Judment in this case: Delhi HC Quashed Reassessment Notice as Issued Be...