Expression "immediately following assessment year".

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..... eted by some officers to mean the assessment year following the financial year in which tax was deducted under the provisions of sec.192 to assessable in that year or not. The Board are advised that this construction is not correct. 2. U/s.198 all sums deducted at source in accordance with the provisions of sec.192 etc., shall, for the purpose of computing the income of assessee, be deemed to be .....

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