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...
The High Court dismissed a challenge to a recovery notice u/s 10 years after assessment/re-assessment orders were passed. The petitioner did not appeal timely, leading to dismissal of the Writ Petition. The respondent's lack of counter affidavit did not affect the decision. The court found no merit in the petition due to the petitioner's failure to appeal the assessment/re-assessment orders for multiple Assessment Years. The Writ Petition was dismissed accordingly.
The High Court dismissed a challenge to a recovery notice u/s 10 years after assessment/re-assessment orders were passed. The petitioner did not appeal timely, leading to dismissal of the Writ Petition. The respondent's lack of counter affidavit did not affect the decision. The court found no merit in the petition due to the petitioner's failure to appeal the assessment/re-assessment orders for multiple Assessment Years. The Writ Petition was dismissed accordingly.
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TaxTMI 
TaxTMI 
of 4915 
