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...
Imposition of Penalty u/s 271 - It is well established that “reasons“ and “conclusions“ are two different things and “reasons“ must show mental exercise of authorities in arriving at a particular conclusion - HC
Imposition of Penalty u/s 271 - It is well established that “reasons“ and “conclusions“ are two different things and “reasons“ must show mental exercise of authorities in arriving at a particular conclusion - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
