Reassessment under s.148A held valid; s.69 additions totaling Rs.7,00,000 deleted after acceptable contemporaneous explanations for property investmen...
Adjudication set aside; Rule 9 valuation based on internet engineer report quashed for Rule 3(4) non-compliance; Section 138B cross-examination requir...
The HC dismissed the writ petition, holding that the protective assessment of gold was validly completed in the name of the petitioner's husband and that a prior Division Bench decision of the HC has conclusively upheld that assessment. The court found the issue of ownership and entitlement to the gold to be finally adjudicated and therefore not open to relitigation by the petitioner; the petitioner lacks legal competence to assert a competing claim to assets already adjudged to belong to the husband. Consequently the protective assessment remains sustainable, the challenge is devoid of merit, and the petition is dismissed.
The HC dismissed the writ petition, holding that the protective assessment of gold was validly completed in the name of the petitioner's husband and that a prior Division Bench decision of the HC has conclusively upheld that assessment. The court found the issue of ownership and entitlement to the gold to be finally adjudicated and therefore not open to relitigation by the petitioner; the petitioner lacks legal competence to assert a competing claim to assets already adjudged to belong to the husband. Consequently the protective assessment remains sustainable, the challenge is devoid of merit, and the petition is dismissed.
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