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Justice T.S.Sivagnanam and Justice V.Bhavani Subbaroyan held that it will not only be a case of filing inaccurate particulars, but also a case of concealment of income. The court further noted that the information came to the Department through the AIR, which was forwarded by the Registration Department and after verifying the same, when notice was issued under Section 143(2), the assessee, for the first time stated that due to inadvertence, they did not disclose the particulars relating to the capital gains.
by Sekar Reporter · Published September 11, 2020
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W.P.No.6591 of 2021 (Through Video Conferencing) N.ANAND VENKATESH, J. This Court, while passing the earlier order on 30.04.2021, directed the Investigation Officer to take effective steps to complete the investigation and file the final report within a period of six weeks —Taking into consideration the Status Report filed by the Investigation Officer and also the submissions made by the learned Advocate General and the learned State Public Prosecutor, this Court is inclined to extend the time for filing of the final report. Accordingly, there shall be a direction to the Investigation Officer to complete the investigation and file the final report before the concerned jurisdictional Court within a period of six weeks from today. Post this case under the caption ‘for reporting compliance’ on 30.07.2021 at 2.15 p.m.
by Sekar Reporter · Published June 18, 2021