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...
NCLAT upheld NCLT's order directing investigation into company affairs, rejecting appellant's claim of natural justice violation. The Appellate Tribunal determined that proper notice was served through substitutive mode, and the appellant deliberately avoided participating in proceedings. Since the investigation is a fact-finding stage and does not conclusively determine guilt, the tribunal declined interference. The appellant retains available defenses during the investigative process. Appeal was consequently dismissed, maintaining the original investigation order.
NCLAT upheld NCLT's order directing investigation into company affairs, rejecting appellant's claim of natural justice violation. The Appellate Tribunal determined that proper notice was served through substitutive mode, and the appellant deliberately avoided participating in proceedings. Since the investigation is a fact-finding stage and does not conclusively determine guilt, the tribunal declined interference. The appellant retains available defenses during the investigative process. Appeal was consequently dismissed, maintaining the original investigation order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
