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...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
The High Court considered a petition seeking quashing of complaints u/s 120B IPC and Prevention of Corruption Act. The court ruled that preliminary enquiry is not mandatory for cognizable offences. Delayed prosecution sanction was noted, but the violation of timelines alone may not warrant quashing. Mala fides of the informant were deemed secondary to evidence. Alleged violations of FIR procedures and delays were deemed trial issues, not grounds for quashing. The court found no exceptional circumstances to invoke its extraordinary jurisdiction u/s 482 CrPC. The petition was dismissed, parties to bear own costs, and any previous stay was lifted.
The High Court considered a petition seeking quashing of complaints u/s 120B IPC and Prevention of Corruption Act. The court ruled that preliminary enquiry is not mandatory for cognizable offences. Delayed prosecution sanction was noted, but the violation of timelines alone may not warrant quashing. Mala fides of the informant were deemed secondary to evidence. Alleged violations of FIR procedures and delays were deemed trial issues, not grounds for quashing. The court found no exceptional circumstances to invoke its extraordinary jurisdiction u/s 482 CrPC. The petition was dismissed, parties to bear own costs, and any previous stay was lifted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4870 
