SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 22149 OF 2016
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Commissioner of Income-tax.............................................................Appellant.
v.
Nirav Modi.......................................................................................Respondent |
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KURIAN JOSEPH AND ROHINTON FALI NARIMAN, JJ.
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| Date :NOVEMBER 28, 2016 |
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| Appearances |
Atmaram N.S. Nadkarni, ASG, Ritesh Kumar, Rachna Srivastav and Mrs. Anil Katiyar, Advs., for the Petitioner.
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Section 68 read with section 263 of the Income Tax Act, 1961 — Cash Credit — SLP dismissed against High Court's ruling that where AO after making proper and detailed enquiries took a view that amount received by assessee as gift from his relatives was a genuine transaction, impugned revisional order passed by Commissioner directing AO to enquire into capacity of donors and to decide about genuineness of gift afresh was not sustainable — Commissioner of Income Tax vs. Nirav Modi.
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JUDGMENT
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1. Delay condoned.
2. We find no reason to entertain this Special Leave Petition which is, accordingly, dismissed.
3. Pending I.A, if any, stands disposed of.
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[2017] 244 TAXMAN 194 (SC) |
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