Condonation of Delay: Tribunal directed condonation where rectification proceedings were pursued, ordering merits adjudication after opportunity to be...
Page of 4813
Press 'Enter' after typing page number.
5401 to 5420 of 96257 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Parallel reassessment proceedings under sections 147/148 did not invalidate validly initiated section 153C proceedings, because the Tribunal found no legal basis to quash section 153C merely due to non-dropping of reassessment action. However, satisfaction for invoking section 153C must be recorded without inordinate delay, and recording it nearly four years after the search was held unjustified. On that ground, the Tribunal quashed the section 153C proceedings for both assessment years, applying the same delay finding where the search date and notice date were identical.
Parallel reassessment proceedings under sections 147/148 did not invalidate validly initiated section 153C proceedings, because the Tribunal found no legal basis to quash section 153C merely due to non-dropping of reassessment action. However, satisfaction for invoking section 153C must be recorded without inordinate delay, and recording it nearly four years after the search was held unjustified. On that ground, the Tribunal quashed the section 153C proceedings for both assessment years, applying the same delay finding where the search date and notice date were identical.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4813 
Join Channel 
