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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Reopening of assessment - Valuation of closing stock - there is ...

Case Laws     Income Tax

August 17, 2015

Reopening of assessment - Valuation of closing stock - there is no failure on the part of the assessee to disclose truly and fully all material facts - reassessment proceedings which are initiated beyond the period of four years, are not permissible and the same cannot be sustained - HC

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