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...
Petitioner entitled to refund of admittedly due amount along with interest at 8% p.a. instead of statutory 6% for Revenue's delay in releasing refund. Difference of 2% interest to be recovered from officers responsible for inaction. Petition disposed of.
Petitioner entitled to refund of admittedly due amount along with interest at 8% p.a. instead of statutory 6% for Revenue's delay in releasing refund. Difference of 2% interest to be recovered from officers responsible for inaction. Petition disposed of.
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TaxTMI 
TaxTMI 
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