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...
Addition u/s 40A(2)(b) - disallowance of milk transportation charges paid to specified persons - as per the details, the payment to related parties works out to 62 paise per litre as against 69 paise per litre paid to unrelated parties - there is no merit in making any disallowance u/s 40A(2)(b).
Addition u/s 40A(2)(b) - disallowance of milk transportation charges paid to specified persons - as per the details, the payment to related parties works out to 62 paise per litre as against 69 paise per litre paid to unrelated parties - there is no merit in making any disallowance u/s 40A(2)(b).
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TaxTMI 
TaxTMI 
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