Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Condonation of delay in a statutory appeal may be warranted...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-income challenges.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Condonation of delay in a statutory appeal may be warranted where the taxpayer explains that the assessment order was not served and became known only during recovery proceedings. Dismissing the appeal solely on limitation without adequately considering that explanation can prevent examination of challenges to reassessment initiation and assessment based on total turnover rather than taxable income. The appeal may be restored for an independent merits decision, subject to costs for substantial delay, with all merits contentions remaining open.
Condonation of delay in a statutory appeal may be warranted where the taxpayer explains that the assessment order was not served and became known only during recovery proceedings. Dismissing the appeal solely on limitation without adequately considering that explanation can prevent examination of challenges to reassessment initiation and assessment based on total turnover rather than taxable income. The appeal may be restored for an independent merits decision, subject to costs for substantial delay, with all merits contentions remaining open.
Note: It is a system-generated summary and is for quick reference only.