https://www.taxtmi.com/caselaws?id=111053 Under the Special Courts Act, attachment of a notified person's property is automatic, and proceedings may continue even if the person denies personal involvement in the securities offence. However, the Special Court must still examine each notified person's liabilities and assets separately, and cannot accept a grouped liability approach without adequate scrutiny and a fair hearing. Income-tax demands may be reassessed where earlier assessment orders have been set aside, so the payable amount must be worked out afresh. Sale of commercial properties was left undisturbed for confirmation, while the sale of residential properties and attached assets required reconsideration. The challenged judgment and orders were set aside and the matters remitted for fresh adjudication. en-us Tue, 03 Jan 2006 00:00:00 +0530 Mon, 02 Jun 2014 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111053 Under the Special Courts Act, attachment of a notified person's property is automatic, and proceedings may continue even if the person denies personal involvement in the securities offence. However, the Special Court must still examine each notified person's liabilities and assets separately, and cannot accept a grouped liability approach without adequate scrutiny and a fair hearing. Income-tax demands may be reassessed where earlier assessment orders have been set aside, so the payable amount must be worked out afresh. Sale of commercial properties was left undisturbed for confirmation, while the sale of residential properties and attached assets required reconsideration. The challenged judgment and orders were set aside and the matters remitted for fresh adjudication. Case-Laws Companies Law Tue, 03 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111053