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...
Revenue v/s Capital expenditure - by reducing the liability of interest on account of restructuring of debt the assessee has gained the commercial benefit - to be allowed as revenue expenditure - AT
Revenue v/s Capital expenditure - by reducing the liability of interest on account of restructuring of debt the assessee has gained the commercial benefit - to be allowed as revenue expenditure - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
