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...
Charitable activity - grating exemption u/s 10(23C)(vi) - exemption u/s 11 - The cars are used for the purpose of the assessee’s regular activity and the department did not place any material to establish that the cars were used for the personal benefit of directors/ authors/ promoters of the society
Charitable activity - grating exemption u/s 10(23C)(vi) - exemption u/s 11 - The cars are used for the purpose of the assessee’s regular activity and the department did not place any material to establish that the cars were used for the personal benefit of directors/ authors/ promoters of the society
Note: It is a system-generated summary and is for quick reference only.