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...
Statutory time bar in assessment law prevented reopening where no fresh assessment was passed within the period prescribed, and after an almost nine year lapse by Revenue following an ITAT order the HC held the assessment time barred and directed release of seized jewellery to the petitioner within six weeks. An intervenor's application seeking return of Stridhan was dismissed for lack of locus in this petition; the intervenor was permitted to pursue independent proceedings for any proprietary claim against the petitioner.
Statutory time bar in assessment law prevented reopening where no fresh assessment was passed within the period prescribed, and after an almost nine year lapse by Revenue following an ITAT order the HC held the assessment time barred and directed release of seized jewellery to the petitioner within six weeks. An intervenor's application seeking return of Stridhan was dismissed for lack of locus in this petition; the intervenor was permitted to pursue independent proceedings for any proprietary claim against the petitioner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
