Anticipatory Bail granted on conditions balancing presumption of innocence with investigative needs; passport surrender and regular attendance require...
Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
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Assessment under the Black Money Act starts only on service of notice under section 10, so no assessment proceedings exist in law before that date. On that basis, time excluded for foreign information exchange under Explanation 1 to section 11 can cover only the period overlapping with the running assessment period, not any earlier period before notice service. The Tribunal held that the Revenue wrongly excluded pre-notice time, and the assessment was completed after the last permissible date. The order was therefore time-barred, without jurisdiction and non est, and was quashed; the merits were left open and the departmental appeal became infructuous.
Assessment under the Black Money Act starts only on service of notice under section 10, so no assessment proceedings exist in law before that date. On that basis, time excluded for foreign information exchange under Explanation 1 to section 11 can cover only the period overlapping with the running assessment period, not any earlier period before notice service. The Tribunal held that the Revenue wrongly excluded pre-notice time, and the assessment was completed after the last permissible date. The order was therefore time-barred, without jurisdiction and non est, and was quashed; the merits were left open and the departmental appeal became infructuous.
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