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...
Liability to pay capital gains - taxable in the assessment of income for the assessment year when the agreement was entered into and possession was given - actual receipt of consideration is not material - HC
Liability to pay capital gains - taxable in the assessment of income for the assessment year when the agreement was entered into and possession was given - actual receipt of consideration is not material - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
