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...
Exemption u/s. 54F - definition of the word ‘transfer’ under section 2(47) includes situation where transaction involving allowing of possession of any immovable property in part performance of the contract - Since there is no evidence of possession, no deduction - HC
Exemption u/s. 54F - definition of the word ‘transfer’ under section 2(47) includes situation where transaction involving allowing of possession of any immovable property in part performance of the contract - Since there is no evidence of possession, no deduction - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
