Supreme Court clarifies powers for tax searches under Sec 132. It’s an administrative act; courts won’t weigh sufficiency of reasons, only check for bad faith.
Supreme Court rules 2015 amendment to Income Tax Act’s Section 153C, broadening third-party assessment, is not retrospective; applies only to searches after June 1, 2015.
The Supreme Court clarifies that the six-year tax assessment period for third parties, whose documents are seized, starts from the date their AO receives materials, not the original search date.
The language of the Circular does not expand or alter the scope of the previous Notifications, but cements the claim of the merchant exporters, who were entitled to receive the benefit of AIR customs duty drawback since 2007.
The assessee imported certain quantity of crude degummed soyabean oil of edible grade in bulk at Jamnagar and filed bill of entry on 02.09.2002 seeking clearance of the imported goods for home consumption.
The Supreme Court clarifies its earlier order in the Elora Tobacco case, directing the return of original seized documents and certified copies of lost files to the assessee.
Supreme Court held that no priority of interest can be claimed by the Secured Creditors against the properties attached under Maharashtra Protection of Investors and Depositors Act, 1999 [the MPID Act].
Supreme Court clarifies Article 229(2) approval for High Court staff salaries. Chief Justice’s decision needs Governor’s reasoned consideration, not arbitrary rejection
Supreme Court held that reopening of assessment under section 148 of the Income Tax Act for making a fishing inquiry without any live link or fresh material is not permissible under the law. Accordingly, notice u/s. 148 quashed and set aside.
Supreme Court reverses Telangana High Court’s order in a 53-acre land dispute, emphasizing the necessity of valid title and proven possession, amidst a complex history of land ceiling laws and disputed agreements.
