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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Power of Settlement commission to rectify or review its order - ...


High Court Supports Settlement Commission's Use of Rectification Powers for Unabsorbed Depreciation Oversight.

October 5, 2013

Case Laws     Income Tax     HC

Power of Settlement commission to rectify or review its order - Settlement commission did not take into account the unabsorbed depreciation – This is a fit case where the power of rectification could and should have been exercised - HC

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