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...
Condonation of delay in filing an Appeal - Violation of principles of natural justice - The High Court observed that the appellate authority failed to appropriately apply Supreme Court precedents for condoning the delay. Moreover, deciding the matter on merits without due consideration of relevant judgments was deemed unjustified.
Condonation of delay in filing an Appeal - Violation of principles of natural justice - The High Court observed that the appellate authority failed to appropriately apply Supreme Court precedents for condoning the delay. Moreover, deciding the matter on merits without due consideration of relevant judgments was deemed unjustified.
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