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...
Charge created by Sales Tax Department over property subsequent to charge created by bank under SARFAESI Act held unsustainable. HC quashed charge created by Sales Tax Department in 2018 over property already sold by bank to petitioners under SARFAESI Act, directing removal of charge and deletion of mutation entries in revenue records, as bank's prior charge took precedence as per legal position. Petition disposed of.
Charge created by Sales Tax Department over property subsequent to charge created by bank under SARFAESI Act held unsustainable. HC quashed charge created by Sales Tax Department in 2018 over property already sold by bank to petitioners under SARFAESI Act, directing removal of charge and deletion of mutation entries in revenue records, as bank's prior charge took precedence as per legal position. Petition disposed of.
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TaxTMI 
TaxTMI 
of 4915 
