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...
Offence under FEMA - petitioner had made foreign remittances to different foreign companies under the guise of payments against the bogus import of services - In the present case petitioner has been unable to make out such a case which would warrant an interference of this Court with the Impugned Order. The allegations of the respondents and the defence of the petitioner would need to be tested by the Adjudicatory Authority. - HC
Offence under FEMA - petitioner had made foreign remittances to different foreign companies under the guise of payments against the bogus import of services - In the present case petitioner has been unable to make out such a case which would warrant an interference of this Court with the Impugned Order. The allegations of the respondents and the defence of the petitioner would need to be tested by the Adjudicatory Authority. - HC
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TaxTMI 
TaxTMI 
of 4916 
