Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
HC dismissed the petition challenging a tax reopening notice, finding no prima facie jurisdictional error. The court noted the absence of a direct constitutional challenge to Section 135A of the IT Act and emphasized that potential procedural errors could be addressed during reassessment proceedings. The petitioner was afforded an opportunity to present substantive arguments in subsequent tax proceedings, with all merits and contentions remaining unaffected by the current order.
HC dismissed the petition challenging a tax reopening notice, finding no prima facie jurisdictional error. The court noted the absence of a direct constitutional challenge to Section 135A of the IT Act and emphasized that potential procedural errors could be addressed during reassessment proceedings. The petitioner was afforded an opportunity to present substantive arguments in subsequent tax proceedings, with all merits and contentions remaining unaffected by the current order.
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