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...
Stay of collection of disputed tax - Seeking deposit of 50% of the disputed tax by giving credit to the tax already deposited - it can be said that the initial pre-deposit of 25% made under Section 33(2) of the AP VAT Act, 2005 will not automatically entitle any dealer to claim stay of collection of the differential tax pending his appeal as a matter of right. - HC
Stay of collection of disputed tax - Seeking deposit of 50% of the disputed tax by giving credit to the tax already deposited - it can be said that the initial pre-deposit of 25% made under Section 33(2) of the AP VAT Act, 2005 will not automatically entitle any dealer to claim stay of collection of the differential tax pending his appeal as a matter of right. - HC
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