SC: Govt. Grant Interest Taxable (SLP Dismissed)

Bihar Police Building Construction Corporation Pvt. Ltd Vs PCIT (Supreme Court of India) The Supreme Court of India dismissed a Special Leave Petition filed by Bihar Police Building Construction Corporation Pvt. Ltd. against a Patna High Court judgment. The apex court cited a gross delay of 364 days in filing the petition and found the explanation for the delay unsatisfactory. Consequently, the petition was dismissed solely on the grounds of delay, without any consideration of the merits of the case. The underlying issue stemmed from an assessment order under Section 143(3) of the Income Tax A...