https://www.taxtmi.com/caselaws?id=459278 The Rajasthan HC partly allowed stay applications in reassessment proceedings under section 147. The petitioner challenged notices issued against a deceased person, though notices contained both deceased father's and petitioner's names. The court noted that assessment was based on material recovered during search of third party premises showing transactions with deceased. Despite defects in notices, the court granted conditional relief requiring petitioner to deposit 20% of demand within one month, after which recovery of balance amount would remain in abeyance. The court referenced recent SC judgment in Union of India v. Rajeev Bansal while disposing the matter. en-us Fri, 25 Oct 2024 00:00:00 +0530 Fri, 06 Dec 2024 18:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459278 The Rajasthan HC partly allowed stay applications in reassessment proceedings under section 147. The petitioner challenged notices issued against a deceased person, though notices contained both deceased father's and petitioner's names. The court noted that assessment was based on material recovered during search of third party premises showing transactions with deceased. Despite defects in notices, the court granted conditional relief requiring petitioner to deposit 20% of demand within one month, after which recovery of balance amount would remain in abeyance. The court referenced recent SC judgment in Union of India v. Rajeev Bansal while disposing the matter. Case-Laws Income Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459278