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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Revision of assessment order - CIT noticed huge amount of ...


CIT Revises Assessment Order; Section 263 Cannot Be Used for Speculative Inquiries on Withdrawals and Payments.

April 27, 2015

Case Laws     Income Tax     AT

Revision of assessment order - CIT noticed huge amount of withdrawals/ payments by the party - Provisions contained u/s 263 cannot be used as a tool to start roving and fishing enquiry - AT

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