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...
Penalty u/s 271(1)(c) - The fact that the assessee had filed revised returns and the same was accepted, by itself does not efface the fact of non-disclosure of the income - penalty confirmed - HC
Penalty u/s 271(1)(c) - The fact that the assessee had filed revised returns and the same was accepted, by itself does not efface the fact of non-disclosure of the income - penalty confirmed - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
