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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Reopening of assessment - suppression of sale - excise duty ...

Case Laws     Income Tax

July 6, 2016

Reopening of assessment - suppression of sale - excise duty evasion proceedings were pending - When thus the AO had such material available with him which he perused, considered, applied his mind and recorded the finding of belief that income chargeable to tax had escaped assessment, the re-opening could not and should not have been declared as invalid - HC

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