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...
Addition u/s 68 – Share application and share premium amount credited but not proved - When the nature and source of the amount so invested is known, it cannot be said to be undisclosed income - HC
Addition u/s 68 – Share application and share premium amount credited but not proved - When the nature and source of the amount so invested is known, it cannot be said to be undisclosed income - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
