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...
Adjudication of SCN after considerable delay - barred by limitation in terms of Section 28(9) of the Customs Act, 1962 or not - it was on account of non-appearance of the petitioner that the matter was kept adjourned and the same was not concluded - since the petitioner itself has taken time, after issuance of notices for filing reply, the delay cannot be attributed to the respondent for not adjudicating show cause notices. - HC
Adjudication of SCN after considerable delay - barred by limitation in terms of Section 28(9) of the Customs Act, 1962 or not - it was on account of non-appearance of the petitioner that the matter was kept adjourned and the same was not concluded - since the petitioner itself has taken time, after issuance of notices for filing reply, the delay cannot be attributed to the respondent for not adjudicating show cause notices. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
