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Income Tax - Highlights / Catch Notes

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Reassessment - unaccounted loan received - when AO did not ...


Reassessment Invalid: AO Failed to Specify Method of Awareness for Unaccounted Loan u/s 147.

June 6, 2016

Case Laws     Income Tax     AT

Reassessment - unaccounted loan received - when AO did not describe how and what manner it came to his knowledge that the assessee receive the accommodation entries, the reopening done by the AO u/s 147 was not valid - AT

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