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...
Allowability of set off of speculation losses against business income – the income or loss derived by the assessee company is from speculation business which was accepted by the AO in the earlier years - set off cannot be denied - AT
Allowability of set off of speculation losses against business income – the income or loss derived by the assessee company is from speculation business which was accepted by the AO in the earlier years - set off cannot be denied - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
