https://www.taxtmi.com/caselaws?id=280410 The court found the revenue's petition maintainable despite arguments against it, emphasizing the revenue's justification for seeking to revoke an earlier order. The court upheld the legality of the search and seizure procedures, directing the appellant to approach the Commissioner for reconsideration. It acknowledged discrepancies in receivables reported by the assessee and ordered a re-evaluation with relevant parties present. The court prohibited the Income Tax Department from appropriating receivables before concluding assessment proceedings, directing the amount to be held in an interest-bearing account and releasing funds to the appellant for expenses. en-us Wed, 12 Dec 2018 00:00:00 +0530 Sat, 04 May 2019 06:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280410 The court found the revenue's petition maintainable despite arguments against it, emphasizing the revenue's justification for seeking to revoke an earlier order. The court upheld the legality of the search and seizure procedures, directing the appellant to approach the Commissioner for reconsideration. It acknowledged discrepancies in receivables reported by the assessee and ordered a re-evaluation with relevant parties present. The court prohibited the Income Tax Department from appropriating receivables before concluding assessment proceedings, directing the amount to be held in an interest-bearing account and releasing funds to the appellant for expenses. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280410