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
Supreme Court Affirms Assessing Officer’s Lack of Jurisdiction to Consider Time-Barred Revised Returns
