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...
Nature of interest expenditure - ‘ongoing projects’ - these interest expenses are tax neutral and even if it is added/capitalized to the inventory being unsold stock under construction as contemplated by Revenue, then also the same is to be allowed as expenses in subsequent years when Revenue is recognized from such unsold inventory
Nature of interest expenditure - ‘ongoing projects’ - these interest expenses are tax neutral and even if it is added/capitalized to the inventory being unsold stock under construction as contemplated by Revenue, then also the same is to be allowed as expenses in subsequent years when Revenue is recognized from such unsold inventory
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
