Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
The Supreme Court noted that conflicting High Court rulings on reassessment notices issued by the Jurisdictional Assessing Officer or through the faceless mechanism were overtaken by the Finance Act, 2021 amendments, including the retrospective insertion of section 147A and related changes to sections 147 to 151. Because the statutory basis of the impugned judgments had changed, the Court set them aside on that limited ground, remitted the matters to the High Courts for fresh consideration, and allowed the assessees to amend their writ petitions and challenge the amended provisions. All merits were left open, and further reassessment proceedings were stayed pending the writ petitions, subject to High Court orders.
The Supreme Court noted that conflicting High Court rulings on reassessment notices issued by the Jurisdictional Assessing Officer or through the faceless mechanism were overtaken by the Finance Act, 2021 amendments, including the retrospective insertion of section 147A and related changes to sections 147 to 151. Because the statutory basis of the impugned judgments had changed, the Court set them aside on that limited ground, remitted the matters to the High Courts for fresh consideration, and allowed the assessees to amend their writ petitions and challenge the amended provisions. All merits were left open, and further reassessment proceedings were stayed pending the writ petitions, subject to High Court orders.
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