Delayed judgment pronouncement alone does not invalidate Tribunal orders, while rectification cannot reopen evidence or negate confiscation-related pe...
Agricultural-land reinvestment qualifies when transfer consideration precedes replacement purchase, while unexamined claims may be reassessed on escap...
Bona fide public fixed-deposit explanations prevent concealment penalties where unexplained-credit additions lack independent evidence of undisclosed ...
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Section 263 revision of a limited-scrutiny assessment requires conversion to complete scrutiny under applicable instructions before wider issues may be revised. Revision also requires the Principal Commissioner independently to call for and examine the assessment record and form the statutory opinion; an Assessing Officer's proposal responding to an audit objection does not itself meet that jurisdictional condition. Interest awarded on enhanced compensation under section 28 of the Land Acquisition Act is an accretion to land value and forms part of enhanced compensation, unlike interest for delayed payment under section 34. Later provisions taxing interest on receipt do not alter that character, and a debatable issue cannot render an assessment erroneous and prejudicial.
Section 263 revision of a limited-scrutiny assessment requires conversion to complete scrutiny under applicable instructions before wider issues may be revised. Revision also requires the Principal Commissioner independently to call for and examine the assessment record and form the statutory opinion; an Assessing Officer's proposal responding to an audit objection does not itself meet that jurisdictional condition. Interest awarded on enhanced compensation under section 28 of the Land Acquisition Act is an accretion to land value and forms part of enhanced compensation, unlike interest for delayed payment under section 34. Later provisions taxing interest on receipt do not alter that character, and a debatable issue cannot render an assessment erroneous and prejudicial.
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