https://www.taxtmi.com/highlights?id=97166 Statutory time bar in assessment law prevented reopening where no fresh assessment was passed within the period prescribed, and after an almost nine year lapse by Revenue following an ITAT order the HC held the assessment time barred and directed release of seized jewellery to the petitioner within six weeks. An intervenor's application seeking return of Stridhan was dismissed for lack of locus in this petition; the intervenor was permitted to pursue independent proceedings for any proprietary claim against the petitioner. en-us Wed, 25 Feb 2026 11:55:34 +0530 Wed, 25 Feb 2026 11:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97166 Statutory time bar in assessment law prevented reopening where no fresh assessment was passed within the period prescribed, and after an almost nine year lapse by Revenue following an ITAT order the HC held the assessment time barred and directed release of seized jewellery to the petitioner within six weeks. An intervenor's application seeking return of Stridhan was dismissed for lack of locus in this petition; the intervenor was permitted to pursue independent proceedings for any proprietary claim against the petitioner. Highlights Income Tax Wed, 25 Feb 2026 11:55:34 +0530 https://www.taxtmi.com/highlights?id=97166