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...
Disallowance of depreciation on goodwill - As seen from earlier order of the Tribunal, the said decision is based on the judgement of Hon’ble Karnataka High Court in the case of Padmini Product Pvt. Ltd. cited (supra), the operation of which is stayed by Hon’ble Supreme Court as of now as mentioned above. - Matter restored back to AO to decide the same on consideration of final outcome of decision in the case of M/s. Padmini Products Pvt. Ltd. cited - AT
Disallowance of depreciation on goodwill - As seen from earlier order of the Tribunal, the said decision is based on the judgement of Hon’ble Karnataka High Court in the case of Padmini Product Pvt. Ltd. cited (supra), the operation of which is stayed by Hon’ble Supreme Court as of now as mentioned above. - Matter restored back to AO to decide the same on consideration of final outcome of decision in the case of M/s. Padmini Products Pvt. Ltd. cited - AT
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TaxTMI 
TaxTMI 
of 4916 
