Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Penalty u/s. 271(1)(c) - assessee accepted the quantum disallowance - just because assessee has not routed the same through profit and loss account does not by itself said to be a contumacious conduct warranting levy of penalty u/s. 271(1)(c)
Penalty u/s. 271(1)(c) - assessee accepted the quantum disallowance - just because assessee has not routed the same through profit and loss account does not by itself said to be a contumacious conduct warranting levy of penalty u/s. 271(1)(c)
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
