(M.R. Shah and Pamidighantam Sri Narasimha, JJ.)
Petition for Special Leave to Appeal (C) No. 12867/2022, decided on August 18, 2022
Assistant Commissioner of Income Tax and Others ______ Petitioner(s);
v.
Kalpataru Land Private Limited _____________________ Respondent.
(For Admission and I.R. and IA No. 101277/2022-Exemption From Filing C/C of the Impugned Judgment)
Petition for Special Leave to Appeal (C) No. 12867/2022; WP No. 3231/2019; and IA No. 101277/2022
The Order of the court was delivered by
Order
1. Considering the fact that earlier the Assessing Officer had called upon the petitioner(s) to produce the evidence in support of increase of authorised share-capital, produce the evidence of share allotment and names and addresses of the parties from whom share-premium was received, among other things and thereafter, the Assessing Officer finalised the assessment and passed Assessment Order, the subsequent re-opening can be said to be change of opinion. Under the circumstances, the re-opening is rightly set aside by the High Court. We see no reason to interfere with the same.
2. The Special Leave Petition stands dismissed.
3. Pending application (s) shall stand disposed of.
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