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...
Bogus purchases - AO has brought out clear facts in the light of information received from ST Department coupled with further enquiries that purchases from above two parties are bogus in nature which are not supported by necessary evidence and taxed profit element embedded in those purchases @12.50% - there is no reason to interfere
Bogus purchases - AO has brought out clear facts in the light of information received from ST Department coupled with further enquiries that purchases from above two parties are bogus in nature which are not supported by necessary evidence and taxed profit element embedded in those purchases @12.50% - there is no reason to interfere
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
