Case Law Details
Sky Light Hospitality LLP Vs ACIT (Supreme Court)
Supreme Court dismissed SLP filed by the Sky Light Hospitality LLP firm linked to Mr. Robert Vadra, challenging notice issued by the Income Tax Department for reassessment of its profits from the land deals in Haryana and Rajasthan in 2010-2011.
Earlier, in February, the Delhi High Court had dismissed the same.
Supreme Court said it was satisfied with the reasons given by I-T officials justifying their probe. The court also agreed that it was not a case of political vendetta as has been claimed by certain quarters.
FULL TEXT OF SUPREME COURT JUDGMENT / ORDER IS AS FOLLOWS:
In the peculiar facts of this case, we are convinced that wrong name given in the notice was merely a clerical error which could be corrected under Section 292B of the Income Tax Act.
The special leave petition is dismissed.
Pending applications stand disposed of.
