Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
HC found the Income Tax Officer's affidavit contradictory to the record and inconsistent with the petitioner's adjournment request. The court accepted the counsel's apology but refused to allow withdrawal of the submitted affidavit. The court directed the Income Tax Officer to explain the circumstances surrounding the affidavit's filing, issuing a notice returnable on 3rd March, 2025, and ordered the affidavit to remain on record for further examination of the procedural irregularities.
HC found the Income Tax Officer's affidavit contradictory to the record and inconsistent with the petitioner's adjournment request. The court accepted the counsel's apology but refused to allow withdrawal of the submitted affidavit. The court directed the Income Tax Officer to explain the circumstances surrounding the affidavit's filing, issuing a notice returnable on 3rd March, 2025, and ordered the affidavit to remain on record for further examination of the procedural irregularities.
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