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...
Exemption u/s 11 - the trust could be entitled to claim excessive carry forward of deficit which resulted after making an allowance of 15% of gross receipts u/s 11(1)(a) and then claiming the application of income to the extent of expenses incurred on the objects of trust.
Exemption u/s 11 - the trust could be entitled to claim excessive carry forward of deficit which resulted after making an allowance of 15% of gross receipts u/s 11(1)(a) and then claiming the application of income to the extent of expenses incurred on the objects of trust.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
