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...
CESTAT dismissed the appeal for non-prosecution pursuant to Rule 20 of CESTAT Procedure Rules, 1982. The appellant had sought adjournments beyond the statutory maximum of three times permitted under Section 35C(1A) of the Central Excise Act, 1944. Relying on Ishwar lal Mali Rathod, where the SC condemned the practice of mechanical adjournments, the Tribunal found no justification for granting additional adjournments. The SC had previously emphasized that parties who repeatedly seek adjournments despite specific warnings and opportunities effectively misuse judicial grace, warranting dismissal of their proceedings.
CESTAT dismissed the appeal for non-prosecution pursuant to Rule 20 of CESTAT Procedure Rules, 1982. The appellant had sought adjournments beyond the statutory maximum of three times permitted under Section 35C(1A) of the Central Excise Act, 1944. Relying on Ishwar lal Mali Rathod, where the SC condemned the practice of mechanical adjournments, the Tribunal found no justification for granting additional adjournments. The SC had previously emphasized that parties who repeatedly seek adjournments despite specific warnings and opportunities effectively misuse judicial grace, warranting dismissal of their proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
