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 receipts of shares – transfer of shares effected by the members of Bilakhia family to the assessee-company - family arrangement cannot be regarded as being without consideration so as to render them unenforceable - AT
Nature of receipts of shares – transfer of shares effected by the members of Bilakhia family to the assessee-company - family arrangement cannot be regarded as being without consideration so as to render them unenforceable - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
