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...
Registration u/s 12AA - the activities of a trust or institution are not genuine or the activities are not being carried out in accordance with the objects of the trust or institution - CIT has wrongly invoked section 12AA(3) in as much as the requisite conditions contained therein are not fulfilled - cancellation order set-aside
Registration u/s 12AA - the activities of a trust or institution are not genuine or the activities are not being carried out in accordance with the objects of the trust or institution - CIT has wrongly invoked section 12AA(3) in as much as the requisite conditions contained therein are not fulfilled - cancellation order set-aside
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