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...
Assessee in default - The definition of 'tax' under Section 2(43) of the Act does not include penalty or interest - interest cannot be held to be 'additional tax'. - HC
Assessee in default - The definition of 'tax' under Section 2(43) of the Act does not include penalty or interest - interest cannot be held to be 'additional tax'. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
