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...
Disallowance of expenditure against the business income received from the partnership firms - the assessee on becoming a partner in the firm does not mean that he is carrying out any business activity - the question of claiming the expenses against the income received from the firm does not arise.
Disallowance of expenditure against the business income received from the partnership firms - the assessee on becoming a partner in the firm does not mean that he is carrying out any business activity - the question of claiming the expenses against the income received from the firm does not arise.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
