Refund claim dismissed as time-barred under s.142(5); non-obstante clause read restrictively, merits not decided, self-assessment payments not mere de...
Assessee's project-completion revenue recognition upheld; income addition deleted under Guidance Note/AS-9 and percentage-completion rules as complian...
The SC allowed the appeal and set aside the impugned orders, holding that the belated show cause cum demand notice dated 05.06.2021 and the original order dated 23.01.2024 were invalid by reason of delay and laches. The Court found the HC erred in relegating the appellant to alternative remedy instead of adjudicating the writ petition in light of this Court's precedent treating notices issued after an excessive lapse as time-barred. Applying the principle of unreasonable delay, the SC quashed the show cause notice and original order, concluded the statutory action was beyond a reasonable period, and disposed of the appeal in favor of the appellant.
The SC allowed the appeal and set aside the impugned orders, holding that the belated show cause cum demand notice dated 05.06.2021 and the original order dated 23.01.2024 were invalid by reason of delay and laches. The Court found the HC erred in relegating the appellant to alternative remedy instead of adjudicating the writ petition in light of this Court's precedent treating notices issued after an excessive lapse as time-barred. Applying the principle of unreasonable delay, the SC quashed the show cause notice and original order, concluded the statutory action was beyond a reasonable period, and disposed of the appeal in favor of the appellant.
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