https://www.taxtmi.com/caselaws?id=262313 The High Court partially allowed the writ petition regarding the validity of the seizure of money by the Magistrate and subsequent requisition by the income tax department. The Court held that the income tax officer had no jurisdiction to reopen assessments of preceding years after a valid requisition under Section 132A, quashing the notices issued under Section 153A for assessment years 2006-07 to 2011-12. However, the notice for the assessment year 2012-13 was deemed valid. The judgment emphasized adherence to prescribed procedures under the Income Tax Act and clarified the limits of assessing officers' authority in such matters. en-us Mon, 03 Aug 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262313 The High Court partially allowed the writ petition regarding the validity of the seizure of money by the Magistrate and subsequent requisition by the income tax department. The Court held that the income tax officer had no jurisdiction to reopen assessments of preceding years after a valid requisition under Section 132A, quashing the notices issued under Section 153A for assessment years 2006-07 to 2011-12. However, the notice for the assessment year 2012-13 was deemed valid. The judgment emphasized adherence to prescribed procedures under the Income Tax Act and clarified the limits of assessing officers' authority in such matters. Case-Laws Income Tax Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262313