https://www.taxtmi.com/caselaws?id=9884 The court set aside the impugned order under section 273A of the Income-tax Act, 1961, due to subsequent events proving ownership of seized jewellery, contradicting the basis for denial of relief. The court directed the Commissioner of Income-tax to reconsider the application in light of new evidence, emphasizing the impact of developments during the case on original findings. The petition was allowed, highlighting the importance of fair evaluation and consideration of subsequent events in legal proceedings. en-us Mon, 10 Jul 2006 00:00:00 +0530 Thu, 02 Jul 2009 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9884 The court set aside the impugned order under section 273A of the Income-tax Act, 1961, due to subsequent events proving ownership of seized jewellery, contradicting the basis for denial of relief. The court directed the Commissioner of Income-tax to reconsider the application in light of new evidence, emphasizing the impact of developments during the case on original findings. The petition was allowed, highlighting the importance of fair evaluation and consideration of subsequent events in legal proceedings. Case-Laws Income Tax Mon, 10 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9884