https://www.taxtmi.com/caselaws?id=186974 The court directed the Central Board of Direct Taxes to decide on the petitioner's application for an extension of time to utilize funds from the sale of land within three months of receiving the court's order. The court emphasized that this direction did not express any opinion on the parties' rights and obligations. Additionally, the court clarified that the decision to grant an extension should not impede any ongoing or future assessment proceedings by the tax department. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 06 Oct 2016 09:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186974 The court directed the Central Board of Direct Taxes to decide on the petitioner's application for an extension of time to utilize funds from the sale of land within three months of receiving the court's order. The court emphasized that this direction did not express any opinion on the parties' rights and obligations. Additionally, the court clarified that the decision to grant an extension should not impede any ongoing or future assessment proceedings by the tax department. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186974