Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Section 226(3)(iii) requires a copy of a bank-account attachment notice to be forwarded to the assessee, with the word "shall" treated as mandatory. The notes describe an ITAT proceeding in which the assessee was not informed of the attachment before the bank account became inoperative. Applying earlier Tribunal and High Court authority, the Tribunal directed release of the attached account and restrained coercive recovery until the scheduled appeal hearing, subject to the appeal being argued without adjournment. The stay application was partly allowed.
Section 226(3)(iii) requires a copy of a bank-account attachment notice to be forwarded to the assessee, with the word "shall" treated as mandatory. The notes describe an ITAT proceeding in which the assessee was not informed of the attachment before the bank account became inoperative. Applying earlier Tribunal and High Court authority, the Tribunal directed release of the attached account and restrained coercive recovery until the scheduled appeal hearing, subject to the appeal being argued without adjournment. The stay application was partly allowed.
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