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...
Power to make inquiry versus power to make reference to valuation officer (DVO) u/s 133 - Any internal correspondence between an officer of the department to AO would not amount to pendency of the proceeding before the AO - HC
Power to make inquiry versus power to make reference to valuation officer (DVO) u/s 133 - Any internal correspondence between an officer of the department to AO would not amount to pendency of the proceeding before the AO - HC
Note: It is a system-generated summary and is for quick reference only.