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...
Deduction u/s 54B - sale consideration received through post-dated cheques - the period of six month or condition of investment prior to the filing of ROI is applicable only in the cases where sale consideration has been received before filing of ROI - the assessee has invested the wholesale consideration in purchase of another agriculture land within two days of receipt in bank - deduction allowable
Deduction u/s 54B - sale consideration received through post-dated cheques - the period of six month or condition of investment prior to the filing of ROI is applicable only in the cases where sale consideration has been received before filing of ROI - the assessee has invested the wholesale consideration in purchase of another agriculture land within two days of receipt in bank - deduction allowable
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
