2021 (11) TMI 1026

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..... ion under Section 18 of the said Act necessarily implies that the requirements of Section 72A of the Income Tax Act have been met and the BIFR must exercise the power conferred upon it by Section 3 2 ( 2} of the said Act and make the declaration contemplated by Section 72A of the Income Tax Act - action of the assessing officer, though prejudicial, can hardly be termed as erroneous - HELD THAT:- S .....

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