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Income Tax - Highlights / Catch Notes

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Reassessment - bogus entries - The reasons recorded by the AO do ...


High Court Invalidates Reassessment u/s 147 Due to Lack of Clarity on Alleged Bogus Transactions by AO.

May 29, 2013

Case Laws     Income Tax     HC

Reassessment - bogus entries - The reasons recorded by the AO do not disclose the AO’s mind as to what was the nature and amount of transaction or entries - proceedings u/s 147 not valid - HC

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