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...
Additions u/s 68 - Even if genuineness is not accepted and consequent addition is made u/s. 68, still the sources of credits in the account of Managing Director stands explained, as they are coming out of funds treated as his income - AT
Additions u/s 68 - Even if genuineness is not accepted and consequent addition is made u/s. 68, still the sources of credits in the account of Managing Director stands explained, as they are coming out of funds treated as his income - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
