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...
Suppression of profit -project was not completed - Once the income is not assessable, the question of determination of quantum of income from the said project is only academic - AT
Suppression of profit -project was not completed - Once the income is not assessable, the question of determination of quantum of income from the said project is only academic - AT
Note: It is a system-generated summary and is for quick reference only.