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...
Income in this line of business has to be estimated at 5% of sales made by the assessees – The claim of the assessee for further deduction towards remuneration and interest to partners cannot be accepted - AT
Income in this line of business has to be estimated at 5% of sales made by the assessees – The claim of the assessee for further deduction towards remuneration and interest to partners cannot be accepted - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
