Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Block assessment scope under Chapter XIV-B is governed by the definition of "block period"; where an Assessment Year falls within that period Section 158BA(2) causes pending proceedings to abate insofar as they relate to the block period. The court held that (re)assessment for AY 2022 23 falls within the block period conceptually, but denied writ relief because factual prerequisites were not established-no material showed the search disclosed the petitioner's total undisclosed income or linked company searches to his individual income-so the AO retains jurisdiction under Chapter XIV B if statutory conditions are met.
Block assessment scope under Chapter XIV-B is governed by the definition of "block period"; where an Assessment Year falls within that period Section 158BA(2) causes pending proceedings to abate insofar as they relate to the block period. The court held that (re)assessment for AY 2022 23 falls within the block period conceptually, but denied writ relief because factual prerequisites were not established-no material showed the search disclosed the petitioner's total undisclosed income or linked company searches to his individual income-so the AO retains jurisdiction under Chapter XIV B if statutory conditions are met.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
