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...
HC allowed the petition, directing respondents to issue manual discharge certification in SVLDRS-Form 4. The court found that the petitioner had validly paid the prescribed amount under Section 127(5) of Finance Act, 2019 and Rule 7 of Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019, despite the payment being recorded under a different head. The undisputed fact that the quantified amount was paid prior to the cut-off date warranted issuance of the discharge certificate, which had been improperly withheld by the respondents.
HC allowed the petition, directing respondents to issue manual discharge certification in SVLDRS-Form 4. The court found that the petitioner had validly paid the prescribed amount under Section 127(5) of Finance Act, 2019 and Rule 7 of Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019, despite the payment being recorded under a different head. The undisputed fact that the quantified amount was paid prior to the cut-off date warranted issuance of the discharge certificate, which had been improperly withheld by the respondents.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
