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High Court of Bombay at Goa Considers Writ Petition Against Reopening of Assessment Under Section 148 of Income Tax Act, 1961. The Core Issue Is Whether Assessee Failed to Disclose Material Facts for AY 2012-13 to Justify Notice Beyond Four Years.

Background: This writ petition was filed by a private limited company engaged in mining business and sale and export of iron ore, challenging the reop...

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Supreme Court Quashes High Bid in Mining Lease e-Auction, Orders Fresh Auction and Penalty. Supreme Court finds error in 140.10% bid to be a genuine mistake, mandates a fresh e-auction while imposing a Rs 3 crore penalty on appellant for lack of due care.

Granted leave to appeal against the judgment of the High Court of Orissa, which dismissed the writ petition of the appellant who had mistakenly placed...