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...
Depreciation on Car - if the payment has been made by the assessee then the assessee shall be the owner of the vehicle despite the fact it was registered in the name of 3rd person who is closely connected with the assessee - AT
Depreciation on Car - if the payment has been made by the assessee then the assessee shall be the owner of the vehicle despite the fact it was registered in the name of 3rd person who is closely connected with the assessee - AT
Note: It is a system-generated summary and is for quick reference only.