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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 148 – on the basis of some general ...


High Court: Assessing Officer Can't Reopen Tax Assessments on General Observations u/s 148 of Income Tax Act.

April 27, 2013

Case Laws     Income Tax     HC

Reopening of assessment u/s 148 – on the basis of some general observation and discussion on principles for treating an expenditure either revenue or capital in nature, AO can not reopen the assessment - HC

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