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...
Garnishee order - long delay of about more than a year in filing these writ petitions - The High Court acknowledged the substantial delay in filing the writ petitions. Despite the petitioner's argument that the impugned orders of garnishee were appealable under statute, the Court emphasized the importance of adhering to statutory timelines. Consequently, the Court was disinclined to grant relief to the petitioner due to the inordinate delay. Instead, the Court denied relief to the petitioner but allowed them to file appeals under certain conditions. These conditions included making a pre-deposit in each appeal, paying a cost of Rs. 1 lakh for delays.
Garnishee order - long delay of about more than a year in filing these writ petitions - The High Court acknowledged the substantial delay in filing the writ petitions. Despite the petitioner's argument that the impugned orders of garnishee were appealable under statute, the Court emphasized the importance of adhering to statutory timelines. Consequently, the Court was disinclined to grant relief to the petitioner due to the inordinate delay. Instead, the Court denied relief to the petitioner but allowed them to file appeals under certain conditions. These conditions included making a pre-deposit in each appeal, paying a cost of Rs. 1 lakh for delays.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
