Quashing of Assessment Order under Income Tax Act in absence of Tangible Material proving Income Escapement: Supreme Court issues Notice to SLS Energy Ltd [Read Order]

Supreme Court issued notice for hearing against the Bombay High Court Order

By Yogitha S. Yogesh - On January 13, 2024 2:57 pm - 2 mins read

Quashing - Assessment Order - Income Tax Act - Tangible Material - Income Escapement-Supreme Court - Notice - SLS Energy Ltd - TAXSCAN

A two-judge bench of the Supreme Court issued notice to SLS Energy Private Limited. The Income Tax department filed the Special Leave petition (SLP) against the impugned final judgment and order passed by the High Court Of Bombay wherein quashed the Assessment order under the Income Tax Act, 1961 in the absence of tangible material…

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