https://www.taxtmi.com/caselaws?id=6479 The Supreme Court criticized the Income-tax Officer's delay in determining the ownership of a bank deposit, emphasizing the need for timely decisions in fiscal matters to prevent unnecessary litigation and administrative inefficiencies. The Court highlighted the importance of expeditious administrative justice, directing the Income-tax Officer to resolve the ownership issue within six months. Additionally, the Court set aside the High Court judgment on the jurisdictional issue and remanded the case for a fresh hearing to assess the foundational fact of "reasonable belief" for initiating proceedings under section 148. en-us Thu, 25 Sep 1975 00:00:00 +0530 Fri, 05 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6479 The Supreme Court criticized the Income-tax Officer's delay in determining the ownership of a bank deposit, emphasizing the need for timely decisions in fiscal matters to prevent unnecessary litigation and administrative inefficiencies. The Court highlighted the importance of expeditious administrative justice, directing the Income-tax Officer to resolve the ownership issue within six months. Additionally, the Court set aside the High Court judgment on the jurisdictional issue and remanded the case for a fresh hearing to assess the foundational fact of "reasonable belief" for initiating proceedings under section 148. Case-Laws Income Tax Thu, 25 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6479