https://www.taxtmi.com/caselaws?id=460962 Assessment proceedings need not be kept in abeyance merely because a civil suit is pending, where the two operate on different planes and neither controls the other. The assessee's claim that receipts diverted through its accounts were spent on flood relief failed because no material was produced before the Assessing Officer to prove the purchases or expenditure. A further plea based on Section 50 of the Disaster Management Act, 2005 also failed, as no utilisation certificate was produced and there was no contractual privity with the State or Corporation for such certification. The receipts were therefore treated as taxable in the assessee's hands. en-us Fri, 16 Feb 2024 00:00:00 +0530 Tue, 04 Mar 2025 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460962 Assessment proceedings need not be kept in abeyance merely because a civil suit is pending, where the two operate on different planes and neither controls the other. The assessee's claim that receipts diverted through its accounts were spent on flood relief failed because no material was produced before the Assessing Officer to prove the purchases or expenditure. A further plea based on Section 50 of the Disaster Management Act, 2005 also failed, as no utilisation certificate was produced and there was no contractual privity with the State or Corporation for such certification. The receipts were therefore treated as taxable in the assessee's hands. Case-Laws Income Tax Fri, 16 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460962