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...
Deduction u/s 80-IB(10) - out of both the projects only 8 flats were sold to persons who were relatives - principle of proportionate disallowance to be applied - AO directed to restrict the disallowance to 1.9% of the claim made by the assessee u/s 80-IB(10) of the Act.
Deduction u/s 80-IB(10) - out of both the projects only 8 flats were sold to persons who were relatives - principle of proportionate disallowance to be applied - AO directed to restrict the disallowance to 1.9% of the claim made by the assessee u/s 80-IB(10) of the Act.
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TaxTMI 
TaxTMI 
of 4915 
