Speaking orders require reasoned findings for quasi judicial penalty and wealth tax determinations under the statute. Orders under the penalty provisions of the Income-tax Act and corresponding Wealth-tax provisions are quasi-judicial and must be speaking orders supported ... Summary
Speaking orders require reasoned findings for quasi judicial penalty and wealth tax determinations under the statute.
Orders under the penalty provisions of the Income-tax Act and corresponding Wealth-tax provisions are quasi-judicial and must be speaking orders supported by reasons tied to the facts of each case; Commissioners are instructed to record factual findings and explain the legal basis for invoking those provisions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
