Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Appellant's conduct showed mentality of evading taxes, not cooperating from filing return till assessment. Though penalty order was in 2002, appellant did not file compounding application even after that date or before conviction in 2019, dragging issue for 20 years. Default termed wilful. Circular No.25/2019 did not intend to extend compounding benefit to all who applied by 31.12.2019. Rejection of compounding application upheld as appellant's application was belated and no scope for compounding after conviction under direct tax laws. Paying tax, penalty and interest does not entitle compounding. Authorities rightly rejected compounding application.
Appellant's conduct showed mentality of evading taxes, not cooperating from filing return till assessment. Though penalty order was in 2002, appellant did not file compounding application even after that date or before conviction in 2019, dragging issue for 20 years. Default termed wilful. Circular No.25/2019 did not intend to extend compounding benefit to all who applied by 31.12.2019. Rejection of compounding application upheld as appellant's application was belated and no scope for compounding after conviction under direct tax laws. Paying tax, penalty and interest does not entitle compounding. Authorities rightly rejected compounding application.
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