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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Revision u/s 263 - CIT was not able to make up his mind and he ...

Case Laws     Income Tax

April 8, 2015

Revision u/s 263 - CIT was not able to make up his mind and he has remanded the matter back to the Assessing Authority to find out whether it constitutes capital gain or business income. Thus Commissioner had no justification to invoke Section 263 - HC

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