Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses  ||  Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out  ||  Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease  ||  Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory  ||  NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors  ||  NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date  ||  Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy  ||  NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required  ||  NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes  ||  Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction    

Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory - (26 Dec 2025)

DIRECT TAXATION

Delhi High Court held that the 120-day period under the second proviso to Section 132B(1)(i) of the Income Tax Act for deciding an assessee’s plea for release of seized assets is not mandatory, and a decision taken beyond this period does not automatically become invalid.

Tags : INCOME TAX ACT   ASSESSEE   MANDATORY  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved