Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
Profit-element taxation limits additions for unaccounted flat-sale receipts and grey-market purchases, while reliable search records support partial a...
Non-participating bidders cannot disturb concluded liquidation sales on speculative prejudice, while costs for such challenges must remain proportiona...
Appellate authorities must decide appeals on their merits and address the grounds raised, even where the assessee does not participate after notice. Ex parte disposal may rest on the material on record, but summary dismissal for non-prosecution without a reasoned, speaking adjudication is impermissible. Appellate orders concerning assessment and penalty matters for three assessment years were set aside for fresh disposal after reasonable hearing opportunity. A filing delay caused by failure to serve an appellate order through the physical mode requested by the assessee warranted condonation under a justice-oriented, liberal approach.
Appellate authorities must decide appeals on their merits and address the grounds raised, even where the assessee does not participate after notice. Ex parte disposal may rest on the material on record, but summary dismissal for non-prosecution without a reasoned, speaking adjudication is impermissible. Appellate orders concerning assessment and penalty matters for three assessment years were set aside for fresh disposal after reasonable hearing opportunity. A filing delay caused by failure to serve an appellate order through the physical mode requested by the assessee warranted condonation under a justice-oriented, liberal approach.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
