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...
Addition on account of income siphoned out - benefit of section 10(23C)(iiiad) denied - AO just based his findings on the outflow without examining its ultimate use and its accounting done by the assessee. - benefit of exemption cannot be denied - AT
Addition on account of income siphoned out - benefit of section 10(23C)(iiiad) denied - AO just based his findings on the outflow without examining its ultimate use and its accounting done by the assessee. - benefit of exemption cannot be denied - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
