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...
Exemption from Entry tax - Iron & Steel (MS Angle, MS Channel, MS Plate, MS Beam, etc.) used in expansion of Cent Plan - capital goods or not - the certificate of Charted Accountant nowhere mentions as to how the consumption of iron & steel is directly connected with the plant & machinery or its accessories or its components - Only by referring or describing the user will not help the assessee for treating the iron & steel used for the constructions of buildings as “capital goods”, more precisely, as “plant & machinery”. - HC
Exemption from Entry tax - Iron & Steel (MS Angle, MS Channel, MS Plate, MS Beam, etc.) used in expansion of Cent Plan - capital goods or not - the certificate of Charted Accountant nowhere mentions as to how the consumption of iron & steel is directly connected with the plant & machinery or its accessories or its components - Only by referring or describing the user will not help the assessee for treating the iron & steel used for the constructions of buildings as “capital goods”, more precisely, as “plant & machinery”. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
