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 on the basis of statement in survey u/s 133A - filed reconciliation statement - surrendered certain amount on the basis of certain discrepancies in cash and in the valuation of closing stock - cannot be conclusive and binding on the assessee once he is able to substantiate with evidence to the satisfaction of the A.O. - matter remanded
Addition on the basis of statement in survey u/s 133A - filed reconciliation statement - surrendered certain amount on the basis of certain discrepancies in cash and in the valuation of closing stock - cannot be conclusive and binding on the assessee once he is able to substantiate with evidence to the satisfaction of the A.O. - matter remanded
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
