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 HC quashed the impugned order and remitted the case to the respondents to pass a fresh order on merits after the petitioner deposits Rs. 50,00,000 to secure revenue's interest. The HC allowed the petitioner to address procedural and time-bar issues comprehensively, considering the disputes pertained to the period from April 2008 to June 2017 and the petitioner provided clearing, forwarding, and goods transport services.
The HC quashed the impugned order and remitted the case to the respondents to pass a fresh order on merits after the petitioner deposits Rs. 50,00,000 to secure revenue's interest. The HC allowed the petitioner to address procedural and time-bar issues comprehensively, considering the disputes pertained to the period from April 2008 to June 2017 and the petitioner provided clearing, forwarding, and goods transport services.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
