2024 (9) TMI 790

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....f Ext.P1, Ext.P2, Ext.P3 and Ext.P4 notices and to issue a writ of mandamus or such other writ or direction to the 1st Respondent to defer the assessment proceedings initiated pursuant to Ext.P1 and Ext.P3 notices until such time all the documents seized from the petitioners business premises are returned to petitioner and for a further period of 4 months from the date of such return. ii) To issue a writ of mandamus or such other writ or direction to the 2nd Respondent to complete the investigations against the petitioner and his related entities and release all the seized records in a time bound manner." 3. This Court considering the grievance of the petitioner disposed of the said writ petition with following directions: "Considering....

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....four weeks of receipt of copies of relevant documents, final assessment order passed by the Department in the proceedings shall not be challenged by the petitioner on the ground of limitation. To enable the parties to undertake the aforesaid exercises, further proceedings in pursuance to Ext.P4 notice shall be kept in abeyance. Interlocutory application, if any, in the present writ petition stands dismissed." 4. The petitioner is an assessee under the provisions of the Income Tax Act, 1961 (hereinafter referred to as 'IT Act 1961') is engaged in the business of manufacturing wholesale and retail of gold jewellery in the brand name 'Dubai Gold'. The petitioner has created several entities and entities including proprietor firms, partnersh....