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...
Deletion of interest on tax by the Tribunal - the Tribunal has wrongly granted relief to the assessee by deleting interest. After rejection of Form 3-b the amount of interest levied on admitted tax was liable to be paid by the assessee and the order of the Assessing Officer in this regard is in conformity with the statutory schemes.
Deletion of interest on tax by the Tribunal - the Tribunal has wrongly granted relief to the assessee by deleting interest. After rejection of Form 3-b the amount of interest levied on admitted tax was liable to be paid by the assessee and the order of the Assessing Officer in this regard is in conformity with the statutory schemes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
