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 a writ petition challenging SEBI's attachment orders against an unregistered Collective Investment Scheme, ruling that the petitioner must exhaust the statutory appellate remedy under the SEBI Act before seeking judicial review. The Court determined that all grounds raised could be addressed by the Appellate Authority. While acknowledging that the limitation period for appeal had expired, the HC granted the petitioner a 30-day extension from the judgment date to file an appeal, directing that any such appeal should not be rejected on grounds of limitation given the case's unique circumstances.
The HC dismissed a writ petition challenging SEBI's attachment orders against an unregistered Collective Investment Scheme, ruling that the petitioner must exhaust the statutory appellate remedy under the SEBI Act before seeking judicial review. The Court determined that all grounds raised could be addressed by the Appellate Authority. While acknowledging that the limitation period for appeal had expired, the HC granted the petitioner a 30-day extension from the judgment date to file an appeal, directing that any such appeal should not be rejected on grounds of limitation given the case's unique circumstances.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
