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Income Tax - Highlights / Catch Notes

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Notice U/s 148 - just because action for rectification is ...


Section 148 Notice: Re-opening Tax Assessments Possible Despite Rectification Provisions; Sections 147 and 154 Not Mutually Exclusive.

April 23, 2013

Case Laws     Income Tax     HC

Notice U/s 148 - just because action for rectification is permissible, it does not mean that no action can be taken for re-opening the assessment because the powers under Section 147 and Section 154 are not mutually exclusive - HC

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