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...
Revision u/s 263 - forward contract receivable shown under short term loans and advances - AO, without examining, simply accepted the explanation of the assessee, which is erroneous and prejudicial to the interest of the Revenue. - AT
Revision u/s 263 - forward contract receivable shown under short term loans and advances - AO, without examining, simply accepted the explanation of the assessee, which is erroneous and prejudicial to the interest of the Revenue. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
