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...
Stay petition - exemption u/s 12A(a) - assessed market rent for the properties let out - Prima facie case has been made out by the petitioner since the Associate Companies who are their tenants from the date when the petitioner obtained exemption from payment of income tax u/s 12A(a) right from the year 1973 onwards - AO has committed an error in not exercised his discretion for the grant of stay
Stay petition - exemption u/s 12A(a) - assessed market rent for the properties let out - Prima facie case has been made out by the petitioner since the Associate Companies who are their tenants from the date when the petitioner obtained exemption from payment of income tax u/s 12A(a) right from the year 1973 onwards - AO has committed an error in not exercised his discretion for the grant of stay
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
