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...
Reassessment - Notice u/s 148 for making additions u/s 41(1) -There was no nexus between reasons recorded in formation of belief from the facts emerging in the case, the jurisdiction for framing reassessment under Section 147 - HC
Reassessment - Notice u/s 148 for making additions u/s 41(1) -There was no nexus between reasons recorded in formation of belief from the facts emerging in the case, the jurisdiction for framing reassessment under Section 147 - HC
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