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...
The NCLAT held that the proceedings u/s 7 of the I&B Code were not barred by limitation. The acknowledgment of debt in the balance sheets and the Memorandum of Compromise extended the limitation period, validating the Section 7 application. The appeal was dismissed.
The NCLAT held that the proceedings u/s 7 of the I&B Code were not barred by limitation. The acknowledgment of debt in the balance sheets and the Memorandum of Compromise extended the limitation period, validating the Section 7 application. The appeal was dismissed.
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TaxTMI 
TaxTMI 
of 4916 
