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...
Revocation of CHA license - forfeiture of security deposit - The forfeiture of entire security deposit is disproportionate, also since there is no specific allegation as to the involvement of the appellant; rather, the culprits have clearly been identified who, admittedly, having misused the fake IECs, it is they who are actually liable for any penalty - It is deemed fit that a nominal amount of Rs.10,000/- could be forfeited out of the security deposit, but not the entire amount of Rs.75,000/- - AT
Revocation of CHA license - forfeiture of security deposit - The forfeiture of entire security deposit is disproportionate, also since there is no specific allegation as to the involvement of the appellant; rather, the culprits have clearly been identified who, admittedly, having misused the fake IECs, it is they who are actually liable for any penalty - It is deemed fit that a nominal amount of Rs.10,000/- could be forfeited out of the security deposit, but not the entire amount of Rs.75,000/- - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
