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...
Principles of natural justice - The High Court found merit in the petitioner's argument regarding the violation of procedural fairness, as the impugned order failed to provide adequate opportunity for personal hearing, thereby infringing upon principles of natural justice. Consequently, the impugned order was set aside by the High Court. Regarding the objection related to the pendency of a previous writ petition, the Court clarified that no interim order was in effect and left it open for the petitioner to raise objections on merits before the respondent-authority.
Principles of natural justice - The High Court found merit in the petitioner's argument regarding the violation of procedural fairness, as the impugned order failed to provide adequate opportunity for personal hearing, thereby infringing upon principles of natural justice. Consequently, the impugned order was set aside by the High Court. Regarding the objection related to the pendency of a previous writ petition, the Court clarified that no interim order was in effect and left it open for the petitioner to raise objections on merits before the respondent-authority.
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TaxTMI 
TaxTMI 
of 4915 
