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...
Violation of principles of natural justice - validity of assessment order - The High Court acknowledged that the petitioner was not heard before the impugned order was issued, and there was a breach of natural justice. - Considering that the petitioner had already paid a sum exceeding the tax liability indicated in the impugned order, and the revenue interest was fully secured, the court deemed it appropriate to provide the petitioner with an opportunity to be heard.
Violation of principles of natural justice - validity of assessment order - The High Court acknowledged that the petitioner was not heard before the impugned order was issued, and there was a breach of natural justice. - Considering that the petitioner had already paid a sum exceeding the tax liability indicated in the impugned order, and the revenue interest was fully secured, the court deemed it appropriate to provide the petitioner with an opportunity to be heard.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
