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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Reopening of assessment u/s 147 - “unascertained liability” had ...

Case Laws     Income Tax

December 2, 2014

Reopening of assessment u/s 147 - “unascertained liability” had been claimed and allowed as expenditure - the assumption drawn by the AO in the “reasons to believe” is farfetched, vague and a mere pretence - HC

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