In a significant ruling, the Supreme Court of India dismissed the appeal of M/s Shriram Investments, reinforcing the limitations imposed by Section 139(5) of the Income Tax Act, 1961. The judgment, delivered by a bench comprising Justice Abhay S. Oka and Justice Augustine George Masih, reaffirmed that the Assessing Officer lacks jurisdiction to consider claims
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
