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 increased by First Appellate Authority on the appeal filed by Assessee – The enhancement of penalty by the first appellate authority without issuing show cause notice to the appellant is held as unsustainable - AT
Penalty increased by First Appellate Authority on the appeal filed by Assessee – The enhancement of penalty by the first appellate authority without issuing show cause notice to the appellant is held as unsustainable - AT
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