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...
Re-opening of assessment - AO could not even have taken the prima facie view that there were reasons to believe that income had escaped assessment - notices u/s 148 was not warranted - HC
Re-opening of assessment - AO could not even have taken the prima facie view that there were reasons to believe that income had escaped assessment - notices u/s 148 was not warranted - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
