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...
Validity of revised return – Termination of agreement –the real question is not whether income is received on accrual basis or on receipt basis, but, it is whether actually there was an income at all - revised return accepted - AT
Validity of revised return – Termination of agreement –the real question is not whether income is received on accrual basis or on receipt basis, but, it is whether actually there was an income at all - revised return accepted - AT
Note: It is a system-generated summary and is for quick reference only.