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...
Contractual self-help repossession of a hypothecated vehicle remains subject to fair-recovery safeguards, including prior notice, an opportunity to cure default, peaceful possession and a transparent sale process. A repossession clause permitting possession without notice, unrestricted entry to locate the vehicle, unspecified recovery or sale procedures, and unilateral waiver of notice cannot validate recovery outside those safeguards. Night-time removal by breaking a steering lock without a possession memorandum, and without the stipulated notice, constitutes unauthorised and arbitrary recovery. Delay alone cannot defeat a challenge where criminal remedies were promptly pursued and no prejudice is shown. Arbitrary repossession of a livelihood vehicle may justify restorative and compensatory relief, although a completed sale may remain undisturbed.
Contractual self-help repossession of a hypothecated vehicle remains subject to fair-recovery safeguards, including prior notice, an opportunity to cure default, peaceful possession and a transparent sale process. A repossession clause permitting possession without notice, unrestricted entry to locate the vehicle, unspecified recovery or sale procedures, and unilateral waiver of notice cannot validate recovery outside those safeguards. Night-time removal by breaking a steering lock without a possession memorandum, and without the stipulated notice, constitutes unauthorised and arbitrary recovery. Delay alone cannot defeat a challenge where criminal remedies were promptly pursued and no prejudice is shown. Arbitrary repossession of a livelihood vehicle may justify restorative and compensatory relief, although a completed sale may remain undisturbed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
