PREMIUM CAPITAL MARKET & INVESTMENT LD. vs COMMR.OF INCOME TAX-I,INDORE — SLP(C) No. 5740/2007

Summary: Premium Capital Market & Investment Ltd. challenged the High Court's order granting the Income Tax Department an extension to complete assessment proceedings. The Supreme Court disposed of the petition without expressing opinion on whether the extension was justified, but clarified that the assessee could raise all relevant grounds—including the limitation period issue—in any subsequent appeal before the Commissioner of Income Tax (Appeals). This case analysis is maintained by casestatus.in based on publicly available court records.