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 dismissed the application for condonation of a 2523-day delay in filing the appeal. Although the appellant initially filed the matter in a jurisdictionally incorrect High Court, the delay persisted even after the High Court's decision. The Court found no sufficient cause to excuse the six-month delay in approaching the SC following the High Court's order. Consequently, the appeal was not admitted due to the inordinate and unexplained delay.
The SC dismissed the application for condonation of a 2523-day delay in filing the appeal. Although the appellant initially filed the matter in a jurisdictionally incorrect High Court, the delay persisted even after the High Court's decision. The Court found no sufficient cause to excuse the six-month delay in approaching the SC following the High Court's order. Consequently, the appeal was not admitted due to the inordinate and unexplained delay.
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TaxTMI 
TaxTMI 
of 4915 
