NEW DELHI, Apr 6:
The Supreme Court today dismissed the petition filed by a hospitality firm linked to Robert Vadra challenging an Income Tax (I-T) department notice to it for re-assessment of its profits from land deals in Haryana and Rajasthan for 2010-11.
The Delhi-based firm, Sky Light Hospitality LLP, had filed an appeal against the February order of the Delhi High Court which had rejected its petition against the I-T notice.
After a brief hearing, an apex court bench of justices A K Sikri and Ashok Bhushan refused to interfere with the high court’s order by which the firm associated with Vadra was directed to join proceedings before the assessing officer. The I-T department, in a tax evasion report tabled before the high court, had said it had reasons to believe that over Rs 35 crore, earned by the firm in 2010-11, “had escaped from assessment”. The high court had said, “After going through the reasons, we are satisfied that the ‘reasons to believe’ show and establish a live link and connect with the inference drawn that income had escaped assessment, which is required for issuance of notice.” (PTI)
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