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...
Gains arising from sale of shares - Once the assessee has been treated as a trader, then the income arising from bonus shares, split shares etc. is also to be treated as business income only - AT
Gains arising from sale of shares - Once the assessee has been treated as a trader, then the income arising from bonus shares, split shares etc. is also to be treated as business income only - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
