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...
TP Adjustment - Adjustment on account of provision of loan to AE’s - DRP adopted the interest rate at domestic cost of borrowing + 3% markup - rate of interest was to be determined on basis of rate prevailing in Country where loan had been consumed.
TP Adjustment - Adjustment on account of provision of loan to AE’s - DRP adopted the interest rate at domestic cost of borrowing + 3% markup - rate of interest was to be determined on basis of rate prevailing in Country where loan had been consumed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
