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Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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The Supreme Court dismissed the appeal filed by the Revenue seeking condonation of a 220-day delay in filing the special leave petition. The Court found the reasons assigned for the delay unsatisfactory and insufficient to be condoned. Consequently, the special leave petition was dismissed on the ground of delay. However, the Court left open the question of law regarding the accrual of interest on securities, whether computed on an accrual basis or on the due date as per the terms and conditions of the security, to be agitated in any other appropriate case.
The Supreme Court dismissed the appeal filed by the Revenue seeking condonation of a 220-day delay in filing the special leave petition. The Court found the reasons assigned for the delay unsatisfactory and insufficient to be condoned. Consequently, the special leave petition was dismissed on the ground of delay. However, the Court left open the question of law regarding the accrual of interest on securities, whether computed on an accrual basis or on the due date as per the terms and conditions of the security, to be agitated in any other appropriate case.
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