Customs seizure safeguards prevent detention-based limitation avoidance and invalidate provisional release conditions for imported vehicles under an i...
Preliminary reassessment proceedings generally require statutory remedies unless jurisdiction is wholly absent or mandatory conditions are patently br...
Page of 4816
Press 'Enter' after typing page number.
121 to 140 of 96301 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Observations in an earlier judgment on assessment against an amalgamated entity were only a clarification that the Revenue must act in accordance with law; they did not constitute a finding or direction under sections 150 and 153(6). Applying Rajinder Nath, the Court held that only a finding necessary for disposal of the case can trigger those provisions, and the Revenue could not use the prior judgment to extend jurisdiction. The proviso to section 143(2) continued to apply in the second round, so scrutiny notices issued beyond the prescribed limitation were jurisdiction and could not sustain assessment proceedings against the successor company. The impugned notices and proceedings were quashed.
Observations in an earlier judgment on assessment against an amalgamated entity were only a clarification that the Revenue must act in accordance with law; they did not constitute a finding or direction under sections 150 and 153(6). Applying Rajinder Nath, the Court held that only a finding necessary for disposal of the case can trigger those provisions, and the Revenue could not use the prior judgment to extend jurisdiction. The proviso to section 143(2) continued to apply in the second round, so scrutiny notices issued beyond the prescribed limitation were jurisdiction and could not sustain assessment proceedings against the successor company. The impugned notices and proceedings were quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
