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 interest paid on share application money - nature of expenses - revenue or capital - the amount received is for the requirements of working capital as the amount so received has been invested in the business of shares - treated as revenue expenditure.
Addition on account of interest paid on share application money - nature of expenses - revenue or capital - the amount received is for the requirements of working capital as the amount so received has been invested in the business of shares - treated as revenue expenditure.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
