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1971 (12) TMI 14 - HC - Income TaxPetitioner applied to the Central Board of Revenue under section 34(1B) for a settlement of the matter relating to the assessment -proposed settlement was accepted an order was passed under section 34(1B) as per which the proportion of appreciation in value of shares was to be paid in future - Whether the amount can be demanded without hearing the assessee and whether it could be questioned in a writ - Even if technically it may have been necessary for the Central Board of Revenue to have passed another order quantifying the amount and to give the petitioner an opportunity of hearing before such quantification was made - the petitioners having failed to prove that they suffered any injury or that any legal right of theirs has been affected by the demand made from them, they cannot invoke the extraordinary jurisdiction of this court
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