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...
Designated authority cannot review its own order once estimate is issued u/s 127 of Act. Order rejecting application contrary to SVLDRS scheme. Petitioner requested to pay amount stated in Form SVLDRS-2, rejected citing no facility to amend form after deadline. HC directed respondent authority to permit petitioner to make payment with interest at 9% from due date till actual payment. Petition allowed.
Designated authority cannot review its own order once estimate is issued u/s 127 of Act. Order rejecting application contrary to SVLDRS scheme. Petitioner requested to pay amount stated in Form SVLDRS-2, rejected citing no facility to amend form after deadline. HC directed respondent authority to permit petitioner to make payment with interest at 9% from due date till actual payment. Petition allowed.
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TaxTMI 
TaxTMI 
of 4915 
