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...
Notice issued to assessee u/s 148 on the basis of information received from DIT(Investigation) on the basis of search & seizure operation conducted at the premises of another assessee is void-ab-initio. Provisions of 153C could be invoked and not 148/147.
Notice issued to assessee u/s 148 on the basis of information received from DIT(Investigation) on the basis of search & seizure operation conducted at the premises of another assessee is void-ab-initio. Provisions of 153C could be invoked and not 148/147.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
