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2006 (7) TMI 136 - BOMBAY HIGH COURTApplication under section 273A - subsequent events - Application under section 273A came to be rejected on ground that disclosure could not be said to be full and true.- She could not prove that the jewellery seized belongs to various people as claimed by her – the factual matrix demonstrates that the petitioner during pendency of this petition could prove that the findings on the basis of which the petitioner was denied relief of section 273A of the Act, do not survive as on date - we feel that it would be necessary to direct the Commissioner of Income-tax to reconsider the application filed and the submissions made by the petitioner on its own merits in the light of the subsequent events since they have dislodged the validity of the adverse findings suffered by the petitioner. - application under section 273A of the Act is restored to the file of the Commissioner of Income-tax,. The proceedings are remitted back to him for consideration afresh following the principles of natural justice.
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