What is under-reporting of income?

Ans.

Cases	Income assessed under normal Provisions	Income assessed under MAT/AMT Provisions
Return of Income is filed	Income assessed is greater than the income determined in the return processed u/s 143(1)(a)	The deemed total income assessed or reassessed as per the provisions of section 115JB/ 115JC​, is greater than the deemed total income determined in the return processed under section 143(1)(a)
No Return of Income is filed or return is filed for the first time under section 148	The income assessed is greater than the maximum exemption limit	The deemed total income assessed as per the provisions of section 115JB/ 115JC, is greater than the maximum exemption limit.
Case of Reassessment	The income reassessed is greater than the income assessed or reassessed immediately before such reassessment	The deemed total income reassessed as per the provisions of section 115JB/ 115JC,, is greater than the deemed total income assessed or reassessed immediately before such reassessment.
Loss Assessed	The income assessed or reassessed has the effect of reducing the loss or converting such loss into income	The income assessed or reassessed has the effect of reducing the loss or converting such loss into income.