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...
Nature of the transaction - sales of raw skins - Transfer of consideration to sister concern - the burden to prove these transactions are paper transaction only, not being discharged by the assessee - demand confirmed - HC
Nature of the transaction - sales of raw skins - Transfer of consideration to sister concern - the burden to prove these transactions are paper transaction only, not being discharged by the assessee - demand confirmed - HC
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