https://www.taxtmi.com/caselaws?id=404759 The High Court directed the income tax authorities to conclude assessment proceedings within three months regarding the seized amount of Rs. 91,35,000 under Section 132A of the Income Tax Act, 1961. The Court emphasized prompt processing of refunds if the money is found to be rightfully claimed and taxes paid, in accordance with Chapter XIX of the Act. It stressed the importance of efficient resolution to avoid business disruption for the petitioner, leaving the legality of seizure unresolved in the writ proceedings. The Court disposed of the writ petition, focusing on compliance with legal provisions and timely resolution of the matter. en-us Thu, 25 Feb 2021 00:00:00 +0530 Wed, 03 Mar 2021 10:52:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404759 The High Court directed the income tax authorities to conclude assessment proceedings within three months regarding the seized amount of Rs. 91,35,000 under Section 132A of the Income Tax Act, 1961. The Court emphasized prompt processing of refunds if the money is found to be rightfully claimed and taxes paid, in accordance with Chapter XIX of the Act. It stressed the importance of efficient resolution to avoid business disruption for the petitioner, leaving the legality of seizure unresolved in the writ proceedings. The Court disposed of the writ petition, focusing on compliance with legal provisions and timely resolution of the matter. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404759