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 under the head income from other sources as against income from business - The manner of end-use of the property consisting of buildings or lands will not alter the assessability of income from house property to a business activity. - AT
Addition under the head income from other sources as against income from business - The manner of end-use of the property consisting of buildings or lands will not alter the assessability of income from house property to a business activity. - AT
Note: It is a system-generated summary and is for quick reference only.