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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Revision u/s 263 - since the Revenue had accepted similar ...


Court Rules Section 263 Review Unwarranted Due to Revenue's Prior Acceptance of Similar Transactions Over Years.

October 12, 2015

Case Laws     Income Tax     HC

Revision u/s 263 - since the Revenue had accepted similar transactions in the past and had allowed a view to sustain for several years, an exercise under Section 263 of the Act was not warranted. - HC

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