2025 (1) TMI 830

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..... or to closing - liability of previous management - As decided by HC [ 2024 (5) TMI 57 - BOMBAY HIGH COURT] section 148 r/w Section 147 of the Act only deals with a situation where any income chargeable to tax has escaped assessment for any assessment year. We are unable to fathom as to how the provisions of Section 148 of the Act can be applied for collection of evidences of third party, ex-promot .....

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