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 - The High Court found that the Proper Officer had not properly assessed the petitioner's reply and had not provided an opportunity for clarification or further submission of documents. Consequently, the High Court set aside the impugned order and directed the Proper Officer to re-adjudicate the matter, allowing the petitioner to file a further reply and ensuring a personal hearing.
Violation of principles of natural justice - The High Court found that the Proper Officer had not properly assessed the petitioner's reply and had not provided an opportunity for clarification or further submission of documents. Consequently, the High Court set aside the impugned order and directed the Proper Officer to re-adjudicate the matter, allowing the petitioner to file a further reply and ensuring a personal hearing.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
