Supreme Court · 2023 INSC 492 · Decided 4 May 2023
Commissioner of Income Tax 8 Mumbai v. Glowshine Builders & Developers PVT. LTD
- Court
- Supreme Court of India
- Citation
- 2023 INSC 492 · [2023] 7 S.C.R. 1004
- Case number
- CIVIL APPEAL No. 2565/2022
- Decided
- 4 May 2023
- Bench
- M.R. SHAH, B.V. NAGARATHNA (2-judge bench)
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 142, 143
Headnote
Income Tax Act, 1961 - s.142, 143 - Non-disclosure of amount - Dispute related to the Assessment year (AY) 2009-10 i.e. Financial Year (FY) 2008-09 - Assessee entered into an agreement whereby development rights in a property were sold at a AO noticed that the aforesaid amount was not disclosed by assessee while filing the return of income - Explanation sought from assessee - In response, the assessee stated that the aforesaid transaction was duly offered to tax in AY 2008--09 reflecting a consideration of Rs.
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