https://www.taxtmi.com/caselaws?id=346361 The Court granted the application for extension of the interim order, leading to a comprehensive review of the case. Regarding the interpretation of Section 281B of the Income Tax Act, 1961, the Court found that the department's notices were invalid as the pre-conditions for invoking the section were not met. Despite a significant cash deposit in the petitioner's bank account, assessment proceedings were not initiated for the relevant years. The Court set aside the impugned notices due to the absence of pre-conditions and the department's delay in initiating assessment proceedings, disposing of the writ petition with no costs. en-us Wed, 26 Jul 2017 00:00:00 +0530 Thu, 10 Aug 2017 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346361 The Court granted the application for extension of the interim order, leading to a comprehensive review of the case. Regarding the interpretation of Section 281B of the Income Tax Act, 1961, the Court found that the department's notices were invalid as the pre-conditions for invoking the section were not met. Despite a significant cash deposit in the petitioner's bank account, assessment proceedings were not initiated for the relevant years. The Court set aside the impugned notices due to the absence of pre-conditions and the department's delay in initiating assessment proceedings, disposing of the writ petition with no costs. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346361