High Court, following the judgment in ACIT v. Marico Industries Ltd. [2025] 171 taxmann.com 140 (Bom)(HC), held that as there was no satisfaction note, the search action was not valid. SLP of revenue was delayed by 595 days. SLP was dismissed on account of delay as well as on the merits.
CIT v. Vijay Goel (2025) 307 Taxman 445 (SC) Editorial: CIT v. ITAT (2025) 179 taxmann.com 409 (Bom) HC)
S. 158BC: Block assessment-No satisfaction note-Delay of 595 days-SLP dismissed on account of delay and also on merits. [S. 132, Art. 136]
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