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...
Product Design Development expenditure - revenue or capital expenditure - not incurred for development of a new product or new line of business - The expenditure incurred by assessee to improve the existing products is revenue expenditure.
Product Design Development expenditure - revenue or capital expenditure - not incurred for development of a new product or new line of business - The expenditure incurred by assessee to improve the existing products is revenue expenditure.
Note: It is a system-generated summary and is for quick reference only.