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...
CIT(Appeals) dismissed assessee's appeal for non-prosecution despite assessee being afforded multiple opportunities to participate. However, CIT(Appeals) failed to address specific issue raised by assessee, merely dismissing appeal without considering merits. u/s 251(1)(a), (b) and Explanation to Section 251(2), CIT(Appeals) is statutorily obligated to apply mind to all issues arising from impugned order. CIT(Appeals) lacks power to summarily dismiss appeal for non-prosecution, as per Premkumar Arjundas Luthra (HUF) judgment. Therefore, CIT(Appeals) order set aside with direction to dispose appeal on merits after providing reasonable opportunity to assessee to substantiate claim with evidence. Appeal allowed for statistical purposes.
CIT(Appeals) dismissed assessee's appeal for non-prosecution despite assessee being afforded multiple opportunities to participate. However, CIT(Appeals) failed to address specific issue raised by assessee, merely dismissing appeal without considering merits. u/s 251(1)(a), (b) and Explanation to Section 251(2), CIT(Appeals) is statutorily obligated to apply mind to all issues arising from impugned order. CIT(Appeals) lacks power to summarily dismiss appeal for non-prosecution, as per Premkumar Arjundas Luthra (HUF) judgment. Therefore, CIT(Appeals) order set aside with direction to dispose appeal on merits after providing reasonable opportunity to assessee to substantiate claim with evidence. Appeal allowed for statistical purposes.
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TaxTMI 
TaxTMI 
of 4915 
