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...
Reference of the matter to the DVO for valuation - difference in value adopted for stamp violation and actual amount received for sale of the immovable property - there is no need to refer the matter to the DVO for valuation, as there is no material in the hands of the AO to consider the additional consideration passed between the parties, as such the addition cannot be made in this case.
Reference of the matter to the DVO for valuation - difference in value adopted for stamp violation and actual amount received for sale of the immovable property - there is no need to refer the matter to the DVO for valuation, as there is no material in the hands of the AO to consider the additional consideration passed between the parties, as such the addition cannot be made in this case.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
