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...
Interest on a delayed refund accrued automatically once the statutory six-month period expired without payment, and the department could not release only the principal while withholding the interest component. The High Court held that the statutory mandate required interest to be computed from the day after expiry of the six-month period until disposal, and directed payment of the interest within two weeks. It further directed that any further default would attract interest at 18% per annum from 16.02.2026 until actual payment, recoverable from the officer responsible rather than the State exchequer.
Interest on a delayed refund accrued automatically once the statutory six-month period expired without payment, and the department could not release only the principal while withholding the interest component. The High Court held that the statutory mandate required interest to be computed from the day after expiry of the six-month period until disposal, and directed payment of the interest within two weeks. It further directed that any further default would attract interest at 18% per annum from 16.02.2026 until actual payment, recoverable from the officer responsible rather than the State exchequer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
