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...
Dishonor of Cheque - suspension of sentence and criminal appeal - Validity of imposing a condition of depositing 20% of the compensation amount - statutory liability u/s 148 - Violation of principles of natural justice - The High Court dismissed the petitioner's plea, stating it lacked merit, and imposed no costs. This decision reinforces the statutory obligation of depositing 20% of the compensation amount in cases involving dishonored cheques under the Negotiable Instruments Act, unless exceptional circumstances warrant otherwise.
Dishonor of Cheque - suspension of sentence and criminal appeal - Validity of imposing a condition of depositing 20% of the compensation amount - statutory liability u/s 148 - Violation of principles of natural justice - The High Court dismissed the petitioner's plea, stating it lacked merit, and imposed no costs. This decision reinforces the statutory obligation of depositing 20% of the compensation amount in cases involving dishonored cheques under the Negotiable Instruments Act, unless exceptional circumstances warrant otherwise.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
