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...
Addition made u/s 40A(3) - Cash payment made on Holiday - Most of the parties mentioned hereinabove were in Hyderabad. The properties sold by them might be situated outside Hyderabad. Being so, it cannot be concluded that the recipients were having no bank accounts or access to the banking facilities - AT
Addition made u/s 40A(3) - Cash payment made on Holiday - Most of the parties mentioned hereinabove were in Hyderabad. The properties sold by them might be situated outside Hyderabad. Being so, it cannot be concluded that the recipients were having no bank accounts or access to the banking facilities - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
