Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Failure to consider an adjournment request uploaded through the income-tax portal can deny the taxpayer an effective opportunity to respond to a show-cause notice and breach principles of natural justice. Portal-generated confirmation and subsequent communication established that the request had been filed but was not placed before the Assessing Officer. The final assessment was therefore set aside and remitted for fresh assessment, with an opportunity to submit a reply and receive a hearing.
Failure to consider an adjournment request uploaded through the income-tax portal can deny the taxpayer an effective opportunity to respond to a show-cause notice and breach principles of natural justice. Portal-generated confirmation and subsequent communication established that the request had been filed but was not placed before the Assessing Officer. The final assessment was therefore set aside and remitted for fresh assessment, with an opportunity to submit a reply and receive a hearing.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4936 
