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 challenging the rejection of benefits under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Multiple HCs, including Madras, Bombay, Gujarat, and Delhi, have consistently held that technical delays in payment due to COVID-19 pandemic should not disqualify applicants. The court found that denying scheme benefits would be contrary to the scheme's objectives and unjust to the eligible declarant. The impugned order rejecting the petitioner's claim was quashed, with directions to accept the payment and issue a discharge certificate. The time limit provisions were deemed directive in nature, allowing flexibility in implementation.
HC allowed the petition challenging the rejection of benefits under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Multiple HCs, including Madras, Bombay, Gujarat, and Delhi, have consistently held that technical delays in payment due to COVID-19 pandemic should not disqualify applicants. The court found that denying scheme benefits would be contrary to the scheme's objectives and unjust to the eligible declarant. The impugned order rejecting the petitioner's claim was quashed, with directions to accept the payment and issue a discharge certificate. The time limit provisions were deemed directive in nature, allowing flexibility in implementation.
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TaxTMI 
TaxTMI 
of 4916 
