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...
Denial of claim for concessional rate of tax and claim for sales returns - no C Forms to support the claim for concessional rate of tax - sales return had not been made within the time contemplated under the statute - Well-settled principle in taxation is that a statutory provision providing for an exemption has to be strictly construed in favour of the revenue and against the assessee. - HC
Denial of claim for concessional rate of tax and claim for sales returns - no C Forms to support the claim for concessional rate of tax - sales return had not been made within the time contemplated under the statute - Well-settled principle in taxation is that a statutory provision providing for an exemption has to be strictly construed in favour of the revenue and against the assessee. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
