Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
HC allowed the writ petition challenging reassessment proceedings under Section 147. The court found that the Assessing Officer (AO) lacked valid grounds for reopening the assessment, as the taxpayer had made full and true disclosure during the original proceedings. The AO failed to demonstrate independent application of mind or identify any fresh information justifying reassessment. The court observed that the AO was cognizant of all relevant facts during the initial assessment and merely relied on a subsequent year's communication without substantive evidence of concealment or incorrect information. Consequently, the reassessment order was quashed as procedurally invalid and without reasonable basis.
HC allowed the writ petition challenging reassessment proceedings under Section 147. The court found that the Assessing Officer (AO) lacked valid grounds for reopening the assessment, as the taxpayer had made full and true disclosure during the original proceedings. The AO failed to demonstrate independent application of mind or identify any fresh information justifying reassessment. The court observed that the AO was cognizant of all relevant facts during the initial assessment and merely relied on a subsequent year's communication without substantive evidence of concealment or incorrect information. Consequently, the reassessment order was quashed as procedurally invalid and without reasonable basis.
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