TWIN REQUIREMENTS TO BE CONSIDERED WHILE DEALING WITH APPLICATION TO DISPENSE WITH THE PRE DEPOSIT OF PENALTY IN AN APPEAL TO APPELLATE TRIBUNAL

TWIN REQUIREMENTS TO BE CONSIDERED WHILE DEALING WITH APPLICATION TO DISPENSE WITH THE PRE DEPOSIT OF PENALTY IN AN APPEAL TO APPELLATE TRIBUNAL https://www.taxtmi.com/article/detailed?id=293 Two concurrent requirements govern applications to dispense with the pre-deposit of penalty on appeal: consideration of undue hardship by the applicant and imposition of conditions to safeguard the realization of penalty. The applicant must prove undue hardship with material facts; the tribunal must judicially balance those facts against public interest and may require security or other conditions to ensure penalty recovery before entertaining the appeal. en-us Wed, 25 Feb 2009 00:00:00 +0530 Thu, 26 Feb 2009 00:49:21 +0530 TaxTMI RSS Generator TWIN REQUIREMENTS TO BE CONSIDERED WHILE DEALING WITH APPLICATION TO DISPENSE WITH THE PRE DEPOSIT OF PENALTY IN AN APPEAL TO APPELLATE TRIBUNAL https://www.taxtmi.com/article/detailed?id=293 Two concurrent requirements govern applications to dispense with the pre-deposit of penalty on appeal: consideration of undue hardship by the applicant and imposition of conditions to safeguard the realization of penalty. The applicant must prove undue hardship with material facts; the tribunal must judicially balance those facts against public interest and may require security or other conditions to ensure penalty recovery before entertaining the appeal. Articles FEMA - Foreign Exchange Management Wed, 25 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=293