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...
Addition u/s 41(1) - non verification of static sundry creditors for several years - if said liability exists in books of assessee, and has not been written off unilaterally or by other party or AO not been able to bring on record any documents to establish that said sum has been remission or cessation of liability then provisions of section 41 (1) is not applicable.
Addition u/s 41(1) - non verification of static sundry creditors for several years - if said liability exists in books of assessee, and has not been written off unilaterally or by other party or AO not been able to bring on record any documents to establish that said sum has been remission or cessation of liability then provisions of section 41 (1) is not applicable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
