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...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Provisional release of seized imported goods was directed on conditional terms, because the matter was at the seizure-memo stage and the relief sought was only interim release. The Court followed the earlier course adopted in identical matters and noted that the Supreme Court had declined to interfere with conditional release while allowing adjudication to continue. Release was ordered subject to payment of the enhanced duty quantified, furnishing of bank guarantee, and maintenance of transaction details after release. The adjudicating authority was expressly left free to decide the proceedings independently on their own merits, without being influenced by the provisional release order.
Provisional release of seized imported goods was directed on conditional terms, because the matter was at the seizure-memo stage and the relief sought was only interim release. The Court followed the earlier course adopted in identical matters and noted that the Supreme Court had declined to interfere with conditional release while allowing adjudication to continue. Release was ordered subject to payment of the enhanced duty quantified, furnishing of bank guarantee, and maintenance of transaction details after release. The adjudicating authority was expressly left free to decide the proceedings independently on their own merits, without being influenced by the provisional release order.
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