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...
Disallowances of provision - Devaluation - Inventory of work in progress and finished goods - Devaluation amount was reflected separately in the P & L only because of the presentation. - In favour of assessee - HC
Disallowances of provision - Devaluation - Inventory of work in progress and finished goods - Devaluation amount was reflected separately in the P & L only because of the presentation. - In favour of assessee - HC
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