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...
The SC set aside both the original bail order and subsequent modification order due to the petitioner's contradictory conduct regarding a Rs. 50,00,000 deposit condition. The petitioner initially offered the monetary deposit through counsel, secured bail modification allowing payment post-release, then repudiated the offer claiming counsel lacked authority and the condition was onerous. The Court held that while excessive bail constitutes no bail and onerous conditions should be avoided, parties cannot "approbate and reprobate" or manipulate judicial proceedings. The matter was remitted to the High Court for fresh consideration on merits. Despite the petitioner's conduct warranting re-incarceration, limited interim protection from surrender was granted. The Chief Justice of Madras HC was directed to place the matter before appropriate court by 30.06.2025. SLP disposed.
The SC set aside both the original bail order and subsequent modification order due to the petitioner's contradictory conduct regarding a Rs. 50,00,000 deposit condition. The petitioner initially offered the monetary deposit through counsel, secured bail modification allowing payment post-release, then repudiated the offer claiming counsel lacked authority and the condition was onerous. The Court held that while excessive bail constitutes no bail and onerous conditions should be avoided, parties cannot "approbate and reprobate" or manipulate judicial proceedings. The matter was remitted to the High Court for fresh consideration on merits. Despite the petitioner's conduct warranting re-incarceration, limited interim protection from surrender was granted. The Chief Justice of Madras HC was directed to place the matter before appropriate court by 30.06.2025. SLP disposed.
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