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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Power of CIT u/s 264 - Revision in favor of assessee - Power ...


CIT Can Revise Decisions to Correct Taxpayer Errors in Exemption Claims u/s 264 of Income Tax Act.

January 11, 2014

Case Laws     Income Tax     HC

Power of CIT u/s 264 - Revision in favor of assessee - Power under Section 264 of the Act, is wide enough, to include rectification of a “bonafide” error committed by an assessee, while claiming exemptions, under the Act - HC

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