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...
Nature of expenditure - software installed in their computer system - finding of facts recorded/affirmed by ITAT/CIT(A) after examination of the terms and conditions of the license that the assessee acquired only a right to use the software and that there was no enduring benefit acquired on account of the license promoted by them on payment of annual fee -revenue expenditure - no substantial question of law arises
Nature of expenditure - software installed in their computer system - finding of facts recorded/affirmed by ITAT/CIT(A) after examination of the terms and conditions of the license that the assessee acquired only a right to use the software and that there was no enduring benefit acquired on account of the license promoted by them on payment of annual fee -revenue expenditure - no substantial question of law arises
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
