Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The High Court held that the reassessment order dated 12.05.2023 and subsequent proceedings were invalid as they were beyond the statutory limitation period prescribed u/s 153(2) of the Income Tax Act. For notices issued u/s 148 on or after 01.04.2019, the reassessment must be completed within twelve months from the end of the financial year in which the notice was issued. Since the notice was issued on 29.03.2021, the reassessment should have been completed by 31.03.2022. However, the reassessment order was passed on 12.05.2023, well beyond the twelve-month period, rendering it non-est and invalid. The Court rejected the Revenue's contention regarding the applicability of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, as the notice was issued within the extended limitation period under that Act. Consequently, the Court ruled in favor of the assessee.
The High Court held that the reassessment order dated 12.05.2023 and subsequent proceedings were invalid as they were beyond the statutory limitation period prescribed u/s 153(2) of the Income Tax Act. For notices issued u/s 148 on or after 01.04.2019, the reassessment must be completed within twelve months from the end of the financial year in which the notice was issued. Since the notice was issued on 29.03.2021, the reassessment should have been completed by 31.03.2022. However, the reassessment order was passed on 12.05.2023, well beyond the twelve-month period, rendering it non-est and invalid. The Court rejected the Revenue's contention regarding the applicability of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, as the notice was issued within the extended limitation period under that Act. Consequently, the Court ruled in favor of the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
