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...
Seeking effective income tax regulation on sale of personal cars in order to prevent misuse of tax regulations - The issues which are raised in the petition under Article 32 of the Constitution of India in the present case pertain to the policy domain. Hence, we are not inclined to entertain the Petition. The petitioners are at at liberty to pursue their grievances before the authorities in accordance with law. - SC
Seeking effective income tax regulation on sale of personal cars in order to prevent misuse of tax regulations - The issues which are raised in the petition under Article 32 of the Constitution of India in the present case pertain to the policy domain. Hence, we are not inclined to entertain the Petition. The petitioners are at at liberty to pursue their grievances before the authorities in accordance with law. - SC
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TaxTMI 
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