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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

The assessee in first round surrendered income, which was ...

Case Laws     Income Tax

March 18, 2015

The assessee in first round surrendered income, which was retracted later, cognizance of which has not been taken either by the AO or the CIT(A). The onus is fully upon the assessee to explain with evidence as to the reason why it is retracting from its earlier disclosure of undisclosed income - AT

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