Home Case Index All Cases Companies Law Companies Law + SC Companies Law - 1995 (7) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1995 (7) TMI 282 - SUPREME COURTWhether it was necessary for the ITO to obtain the leave of the liquidation court when he wanted to reassess the company in liquidation for escaped income in respect of past years? Held that:- Appeal allowed. The Special Court has no jurisdiction to sit in appeal over the assessment of the tax liability of a notified person by the authority or Tribunal or Court authorised to perform that function by the statute under which the tax is levied. The Special Court has, therefore, no jurisdiction to determine whether or not any assessment of the tax liability of a notified person by the appropriate authority is bona fide or reasonable or justified or enforceable.
|