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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Reopening of assessment - receipt of accommodation entries - ...

Case Laws     Income Tax

May 18, 2016

Reopening of assessment - receipt of accommodation entries - Such profit has been duly accounted, disclosed and assessed. Therefore the AO could not form a belief at the time of issue of notice that income to that extent has escaped assessment. - AT

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