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...
Eligibility to avail the SVLDR Scheme for a second show cause notice issued after the Scheme's prescribed cut-off date was the dominant issue. The Court held that mere cross-reference to an earlier notice, or reliance on documents from it, does not render the later notice a continuation of the earlier proceedings; the later notice was an independent demand with separate quantification and adjudication. Since notices issued beyond the Scheme deadline are ineligible, rejection of the Scheme application for the later notice was upheld. However, to avoid denial of statutory remedies due to pendency of the writ, the petitioner was permitted to file an appeal against the adjudication order within the extended time granted. - HC
Eligibility to avail the SVLDR Scheme for a second show cause notice issued after the Scheme's prescribed cut-off date was the dominant issue. The Court held that mere cross-reference to an earlier notice, or reliance on documents from it, does not render the later notice a continuation of the earlier proceedings; the later notice was an independent demand with separate quantification and adjudication. Since notices issued beyond the Scheme deadline are ineligible, rejection of the Scheme application for the later notice was upheld. However, to avoid denial of statutory remedies due to pendency of the writ, the petitioner was permitted to file an appeal against the adjudication order within the extended time granted. - HC
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