Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Statute prescribes distinct computation for the six-year and ten-year limitation periods for reopening assessments under the search provisions; the six-year window is counted from the preceding year while the ten-year period is reckoned from the end of the assessment year relating to the previous year in which the search occurred, and therefore the ten-year span runs later than the six-year span. Applying that computation to a search dated 09.05.2024 yields AY 2025-26 as the first year and AY 2016-17 as the tenth year, rendering AY 2015-16 beyond the ten-year period and the notice to reopen that year untenable and quashed.
Statute prescribes distinct computation for the six-year and ten-year limitation periods for reopening assessments under the search provisions; the six-year window is counted from the preceding year while the ten-year period is reckoned from the end of the assessment year relating to the previous year in which the search occurred, and therefore the ten-year span runs later than the six-year span. Applying that computation to a search dated 09.05.2024 yields AY 2025-26 as the first year and AY 2016-17 as the tenth year, rendering AY 2015-16 beyond the ten-year period and the notice to reopen that year untenable and quashed.
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