2023 (1) TMI 775

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....vita Jha with Mr Vaibhav Kulkarni and Mr Udit, Advocates. Respondents: Mr Sunil Agarwal, Sr. Standing Counsel with Mr Tushar Gupta and Mr Utkarsh Tiwari, Advocates. ORDER CM APPL. 54041/2022 1. Allowed, subject to the petitioners filing legible copies of annexures, at least three days before the next date of hearing. W.P.(C) 17045/2022 and CM APPL. 54040/2022 [Application filed on b....

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....ted in the unamended Section 149 of the Act. 2.3 According to Ms Jha, although the provisions of sub-section (1) of Section 149 of the Act, by virtue of the amendment carried out via Finance Act, 2012 were made retrospective, it will not impact those assessments which had already stand time barred. 2.4 In support of this submission, Ms Jha relies upon a judgment of the coordinate bench of th....

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...., in the normal course, the proceedings would have become time barred only on 31.03.2021, but because of the intercession of Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, the same stood extended further. 7.1 We may note, that Ms Jha, in rejoinder, says that by virtue of Finance Act, 2021, the maximum timeframe under Section 149 of the Act has been reduced t....