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...
Liability of directors of private company u/s 179 - recovery of unpaid tax dues of a private company from its directors - AO passed the order without considering such representation of the assessee. - When this was pointed out to him, he passed a further order describing it as one of the 'Corrigendum'. This was also impermissible - Recovery order set aside.
Liability of directors of private company u/s 179 - recovery of unpaid tax dues of a private company from its directors - AO passed the order without considering such representation of the assessee. - When this was pointed out to him, he passed a further order describing it as one of the 'Corrigendum'. This was also impermissible - Recovery order set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
