https://www.taxtmi.com/caselaws?id=215413 The Larger Bench held that assessments made individually for persons named in joint warrants under Section 132 of the Income-tax Act were valid due to the retrospective insertion of Section 292CC. The court set aside previous decisions, ruling in favor of the Revenue that joint warrants can lead to individual assessments. The matters were remanded for further consideration by the Commissioner of Income Tax (Appeals), and the legal principles established in prior cases were deemed insignificant in light of the retrospective amendment. All appeals were disposed of accordingly. en-us Mon, 23 Jul 2012 00:00:00 +0530 Fri, 03 Aug 2012 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215413 The Larger Bench held that assessments made individually for persons named in joint warrants under Section 132 of the Income-tax Act were valid due to the retrospective insertion of Section 292CC. The court set aside previous decisions, ruling in favor of the Revenue that joint warrants can lead to individual assessments. The matters were remanded for further consideration by the Commissioner of Income Tax (Appeals), and the legal principles established in prior cases were deemed insignificant in light of the retrospective amendment. All appeals were disposed of accordingly. Case-Laws Income Tax Mon, 23 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215413