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...
Reassessment u/s. 147 - retention money receipts form part of gross receipt but excluded in computation - no failure on the part of the assessee to fully and truly disclose all material facts relevant for assessment - reassessment annulled
Reassessment u/s. 147 - retention money receipts form part of gross receipt but excluded in computation - no failure on the part of the assessee to fully and truly disclose all material facts relevant for assessment - reassessment annulled
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