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...
Penalty u/s 271(1)(c) - Disallowance u/s 14A - the assessee has not furnished any particulars of income, which are incorrect. The issue remains is merely computation of the disallowance - No penalty.
Penalty u/s 271(1)(c) - Disallowance u/s 14A - the assessee has not furnished any particulars of income, which are incorrect. The issue remains is merely computation of the disallowance - No penalty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
