https://www.taxtmi.com/caselaws?id=6975 The court held that the Income-tax Officer lacked jurisdiction to conduct reassessment proceedings or issue notices without obtaining leave from the court under section 446(1) of the Companies Act, 1956. Referring to precedent, the court determined that reassessment proceedings constituted "legal proceedings" falling under the Companies Act. It emphasized the supremacy of the Companies Act over the Income-tax Act and granted an injunction against the respondents from reassessing the company without court leave, ordering them to cover the applicant's costs. en-us Thu, 28 Sep 1967 00:00:00 +0530 Sat, 07 Feb 2009 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6975 The court held that the Income-tax Officer lacked jurisdiction to conduct reassessment proceedings or issue notices without obtaining leave from the court under section 446(1) of the Companies Act, 1956. Referring to precedent, the court determined that reassessment proceedings constituted "legal proceedings" falling under the Companies Act. It emphasized the supremacy of the Companies Act over the Income-tax Act and granted an injunction against the respondents from reassessing the company without court leave, ordering them to cover the applicant's costs. Case-Laws Income Tax Thu, 28 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6975