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...
Seeking grant of anticipatory bail - ITC availed on the ground of fake bills - After considering the arguments and examining the record, the court found merit in the prosecution's case. It observed that the petitioner, along with co-accused, had engaged in fraudulent activities causing significant financial loss. Consequently, the court dismissed the petition for anticipatory bail, citing the gravity of the offense and the need for custodial interrogation to unearth the full extent of the crime.
Seeking grant of anticipatory bail - ITC availed on the ground of fake bills - After considering the arguments and examining the record, the court found merit in the prosecution's case. It observed that the petitioner, along with co-accused, had engaged in fraudulent activities causing significant financial loss. Consequently, the court dismissed the petition for anticipatory bail, citing the gravity of the offense and the need for custodial interrogation to unearth the full extent of the crime.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
