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...
Challenge of assessment order passed in remand proceeding in writ - bogus donation - It is a fit case to relegate the petitioner to alternate remedy making it clear that all questions raised including questions pertaining to cross-examination can be raised before CIT-A and the issue of whether the cash was rerouted to the writ petitioner against payment of donation being a factual dispute can also be gone into by CIT-A
Challenge of assessment order passed in remand proceeding in writ - bogus donation - It is a fit case to relegate the petitioner to alternate remedy making it clear that all questions raised including questions pertaining to cross-examination can be raised before CIT-A and the issue of whether the cash was rerouted to the writ petitioner against payment of donation being a factual dispute can also be gone into by CIT-A
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
