Reopening Assessments invalid where satisfaction and jurisdictional approval are absent for third party seized material, leading to quashing of assess...
Benami property exclusion from the insolvency estate: Benami Act proceedings preclude IBC tribunals from reopening attachments or treating such assets...
Nonprosecution by the taxpayer led to dismissal of the departmental appeal and an ex parte assessment order under reassessment provisions; the tribunal noted the taxpayer's unfamiliarity with law but emphasised failure to file requisite details. Outcome: the tribunal remanded the matter to the assessing officer for fresh adjudication and verification of issues, and directed the taxpayer to pay a cost of Rs.2,000 to the Prime Minister's Relief Fund within two weeks.
Nonprosecution by the taxpayer led to dismissal of the departmental appeal and an ex parte assessment order under reassessment provisions; the tribunal noted the taxpayer's unfamiliarity with law but emphasised failure to file requisite details. Outcome: the tribunal remanded the matter to the assessing officer for fresh adjudication and verification of issues, and directed the taxpayer to pay a cost of Rs.2,000 to the Prime Minister's Relief Fund within two weeks.
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