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...
Condonation of delay in filing the return of income - carry forward the capital loss denied - It is a settled position of law that the respondent Board has wide powers to condone the delay and in the facts of the case, such powers ought to have been exercised judiciously so as to render substantial justice. - Application filed u/s 116(2)(b) allowed - HC
Condonation of delay in filing the return of income - carry forward the capital loss denied - It is a settled position of law that the respondent Board has wide powers to condone the delay and in the facts of the case, such powers ought to have been exercised judiciously so as to render substantial justice. - Application filed u/s 116(2)(b) allowed - HC
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TaxTMI 
TaxTMI 
of 4915 
