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...
Exclusion of limitation period: pandemic suspension plus debtor acknowledgement can extend limitation, requiring fresh factfinding on guarantee invoca...
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The High Court declined to decide substantive merits of alleged fraudulent availment of input tax credit because an efficacious alternative remedy by statutory appeal under Section 107 and Rule 109A remained available and unexhausted, applying the principle that writ jurisdiction should not supplant the statutory appellate forum; petitioner was left free to pursue that remedy. The court also held, following Ambika Traders (SC), that notices under the assessment provisions may consolidate multiple financial years where the statute permits a notice 'for any period' or 'for such periods', and found no reason to quash the impugned proceedings; writ petition dismissed.
The High Court declined to decide substantive merits of alleged fraudulent availment of input tax credit because an efficacious alternative remedy by statutory appeal under Section 107 and Rule 109A remained available and unexhausted, applying the principle that writ jurisdiction should not supplant the statutory appellate forum; petitioner was left free to pursue that remedy. The court also held, following Ambika Traders (SC), that notices under the assessment provisions may consolidate multiple financial years where the statute permits a notice 'for any period' or 'for such periods', and found no reason to quash the impugned proceedings; writ petition dismissed.
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