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...
Computation of Capital gains - valuation of land as on 1.4.31981 - AO has simply adopted the value determined by the DVO - Registered Valuer has determined almost the double the amount of Guide Line Value, which also appears to be on the higher side - AO to redetermine the value - AT
Computation of Capital gains - valuation of land as on 1.4.31981 - AO has simply adopted the value determined by the DVO - Registered Valuer has determined almost the double the amount of Guide Line Value, which also appears to be on the higher side - AO to redetermine the value - AT
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