Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
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The High Court held that the Assessing Officer's failure to frame a draft assessment order and directly passing a final order was violative of the mandatory provisions of Section 144C, rendering the final order a nullity. The court emphasized that it was imperative for the Assessing Officer to frame an order in draft before issuing the final assessment order. Regarding the limitation period u/s 153, the court clarified that it cannot enlarge or expand the statutorily prescribed period for completing the assessment. The court found it unnecessary to examine additional challenges raised against the final assessment orders since the assessment period had expired. Consequently, the writ petitions were allowed.
The High Court held that the Assessing Officer's failure to frame a draft assessment order and directly passing a final order was violative of the mandatory provisions of Section 144C, rendering the final order a nullity. The court emphasized that it was imperative for the Assessing Officer to frame an order in draft before issuing the final assessment order. Regarding the limitation period u/s 153, the court clarified that it cannot enlarge or expand the statutorily prescribed period for completing the assessment. The court found it unnecessary to examine additional challenges raised against the final assessment orders since the assessment period had expired. Consequently, the writ petitions were allowed.
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