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 CESTAT dismissed an appeal for non-prosecution under Rule 20 of CESTAT Procedure Rules, 1982, after multiple adjournments exceeded the statutory maximum of three. Citing Ishwar lal Mali Rathod [2021], where the Supreme Court condemned the practice of mechanical adjournments, the Tribunal noted that appellant had misused judicial grace by repeatedly seeking postponements. The Court emphasized that granting adjournments beyond the statutory limit lacks justification, particularly when parties fail to utilize previously granted opportunities for presenting their case. This ruling reinforces judicial efficiency principles and discourages dilatory tactics in tribunal proceedings.
The CESTAT dismissed an appeal for non-prosecution under Rule 20 of CESTAT Procedure Rules, 1982, after multiple adjournments exceeded the statutory maximum of three. Citing Ishwar lal Mali Rathod [2021], where the Supreme Court condemned the practice of mechanical adjournments, the Tribunal noted that appellant had misused judicial grace by repeatedly seeking postponements. The Court emphasized that granting adjournments beyond the statutory limit lacks justification, particularly when parties fail to utilize previously granted opportunities for presenting their case. This ruling reinforces judicial efficiency principles and discourages dilatory tactics in tribunal proceedings.
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