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...
Levy of penalty u/s 271(1)(c) - no satisfaction as required by law has been recorded by AO during the assessment proceedings, hence, imposition of penalty is bad in law. - AT
Levy of penalty u/s 271(1)(c) - no satisfaction as required by law has been recorded by AO during the assessment proceedings, hence, imposition of penalty is bad in law. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
