Re Opening of Assessment under Income Tax is not allowable in absence of Valid Satisfaction on Income Escapement: Supreme Court dismisses SLP [Read Order]

The Supreme Court viewed that re-opening of assessment under Income Tax is not allowable in the absence of valid satisfaction on income escapement and dismissed the Special Leave Petition (SLP)
Income Tax - Income Tax Assessment - Income Escapement - Supreme Court - SLP - Special Leave Petition - taxscan

The Supreme Court observed that re-opening of assessment under Income Tax is not allowable in the absence of valid satisfaction on income escapement and dismissed the Special Leave Petition ( SLP ).  The SLP arose out of the impugned final judgment and order dated  passed by the High Court Of Gujarat At Ahmedabad The income…

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