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 HC held the revocation/penalty proceeding against the petitioner time-barred and quashed, directing that Regulation 17(1) CBLR, 2018 requires initiation within 90 days from receipt of an official offence report; the 2018 Regulations expressly define "offence report," which must emanate from an official source and need not follow any particular format. The respondent/licensing authority bore the burden to prove when its office received the offence report or prohibitory order but failed to do so and did not identify the triggering offence report or produce supporting material. Consequently the impugned proceeding was barred by limitation and the writ petition was allowed.
The HC held the revocation/penalty proceeding against the petitioner time-barred and quashed, directing that Regulation 17(1) CBLR, 2018 requires initiation within 90 days from receipt of an official offence report; the 2018 Regulations expressly define "offence report," which must emanate from an official source and need not follow any particular format. The respondent/licensing authority bore the burden to prove when its office received the offence report or prohibitory order but failed to do so and did not identify the triggering offence report or produce supporting material. Consequently the impugned proceeding was barred by limitation and the writ petition was allowed.
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TaxTMI 
TaxTMI 
of 4915 
