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...
Non issuance of Notice u/s 143(2) - The flaw found in the notice will goes to the root of the matter and the same cannot be cured u/s 292BB or dispensed with, to consider the case on merits - notice is the foundation and Assessment Order will not survive because it was built upon such defective/ invalid notice and would certainly fall to the ground
Non issuance of Notice u/s 143(2) - The flaw found in the notice will goes to the root of the matter and the same cannot be cured u/s 292BB or dispensed with, to consider the case on merits - notice is the foundation and Assessment Order will not survive because it was built upon such defective/ invalid notice and would certainly fall to the ground
Note: It is a system-generated summary and is for quick reference only.