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...
AO was compelled by the audit party to issue notice for reopening, though earlier he held a bona fide belief that the income was as per the correct legal position. - Notice u/s 148 quashed - HC
AO was compelled by the audit party to issue notice for reopening, though earlier he held a bona fide belief that the income was as per the correct legal position. - Notice u/s 148 quashed - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
