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 dismissed the writ petition on the principle of suppressio veri; suggestio falsi, as the petitioner failed to disclose material facts regarding suo-moto revisional proceedings while challenging a reassessment notice as time-barred under Section 36(1) of the TVAT Act, 2004. The petitioner neither mentioned the revisional proceedings nor challenged the revisional authority's order dated October 27, 2022, though it was referenced in the impugned notice. The court held that extraordinary relief under Article 226 cannot be granted to parties who suppress material facts, emphasizing that petitioners must approach writ courts with clean hands and full disclosure of all relevant information.
The HC dismissed the writ petition on the principle of suppressio veri; suggestio falsi, as the petitioner failed to disclose material facts regarding suo-moto revisional proceedings while challenging a reassessment notice as time-barred under Section 36(1) of the TVAT Act, 2004. The petitioner neither mentioned the revisional proceedings nor challenged the revisional authority's order dated October 27, 2022, though it was referenced in the impugned notice. The court held that extraordinary relief under Article 226 cannot be granted to parties who suppress material facts, emphasizing that petitioners must approach writ courts with clean hands and full disclosure of all relevant information.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
