Special Leave Petitions follow prior TOLA ruling on Income Tax Act and scope of notices under Section 148 SC held the Special Leave Petitions are governed by its prior decision on the applicability of TOLA to the Income Tax Act and the scope of notices under ...
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Special Leave Petitions follow prior TOLA ruling on Income Tax Act and scope of notices under Section 148
SC held the Special Leave Petitions are governed by its prior decision on the applicability of TOLA to the Income Tax Act and the scope of notices under section 148 for the July-September 2022 period; accordingly the petitions filed by the revenue are disposed of. Assessing officer to decide objections in accordance with the law as laid down by SC. Thereafter affected taxpayers may pursue available rights and remedies, subject to the aspects finally concluded by the Court's judgment.
"Delay condoned." The Special Leave Petitions are held to be "squarely covered by the Judgment of this Court rendered on 3-10-2024 in 'Union of India & Ors. vs. Rajeev Bansal' (Civil Appeal No. 8629/2024 etc.) 2024 (11) Scale 473." Consequently, the petitions filed by the Revenue are disposed of, and the assessees "will be governed by reasons discussed in the said Judgment." Assessing officers are directed to dispose of objections "in terms of the law laid down by this Court." Thereafter, assessees who remain aggrieved are at liberty to pursue "all the rights and remedies in accordance with law," except for issues already concluded in the cited Judgment. Pending applications, if any, are also disposed of.
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