Personal liberty safeguards restrict arrest after court-directed GST appearance, requiring interim release where authorities overreach pending proceed...
Alternative statutory remedy and delay bar GST writ challenges despite pending rectification, while distinct subject matter permits parallel proceedin...
Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Re-opening of assessment u/s 147 - notice beyond period of four years - change in the opinion or a later decision on the legal aspects - The High court finds no evidence of failure on the part of the assessee to disclose relevant information during the original assessment. - The court declares the re-opening of assessments in all three cases as incompetent and sets aside the notices and assessment orders. It confirms the assessments made under Section 143 for the relevant assessment years. The writ petitions are thus allowed accordingly.
Re-opening of assessment u/s 147 - notice beyond period of four years - change in the opinion or a later decision on the legal aspects - The High court finds no evidence of failure on the part of the assessee to disclose relevant information during the original assessment. - The court declares the re-opening of assessments in all three cases as incompetent and sets aside the notices and assessment orders. It confirms the assessments made under Section 143 for the relevant assessment years. The writ petitions are thus allowed accordingly.
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