Anticipatory Bail granted on conditions balancing presumption of innocence with investigative needs; passport surrender and regular attendance require...
Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
Applying precedent distinguishing clerical errors from jurisdictional defects, the court held that an assessment framed in the name and PAN of an amalgamating non existent entity constitutes a substantive illegality and is void ab initio. Because the assessing officer had been informed of the amalgamation before the final order, the defect was held to be jurisdictional and not a curable procedural mistake; statutory remedial provision Section 292B and alleged ITBA/system glitches cannot validate such an assessment. The tribunal's quashing of the final assessment was therefore sustained and the appeal dismissed.
Applying precedent distinguishing clerical errors from jurisdictional defects, the court held that an assessment framed in the name and PAN of an amalgamating non existent entity constitutes a substantive illegality and is void ab initio. Because the assessing officer had been informed of the amalgamation before the final order, the defect was held to be jurisdictional and not a curable procedural mistake; statutory remedial provision Section 292B and alleged ITBA/system glitches cannot validate such an assessment. The tribunal's quashing of the final assessment was therefore sustained and the appeal dismissed.
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