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...
ITAT set aside CIT(E)'s order rejecting trust's registration u/s 12A(1)(ac)(iii). The tribunal found insufficient examination of trust's charitable activities, including medical relief expenditure and conference expenses. The case was remanded for fresh consideration, directing CIT(E) to provide reasonable opportunity to the assessee and conduct thorough factual verification of trust's objectives, donor details, and claimed charitable purposes before making a final determination on registration eligibility.
ITAT set aside CIT(E)'s order rejecting trust's registration u/s 12A(1)(ac)(iii). The tribunal found insufficient examination of trust's charitable activities, including medical relief expenditure and conference expenses. The case was remanded for fresh consideration, directing CIT(E) to provide reasonable opportunity to the assessee and conduct thorough factual verification of trust's objectives, donor details, and claimed charitable purposes before making a final determination on registration eligibility.
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TaxTMI 
TaxTMI 
of 4915 
