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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

While it cannot be disputed that considering section 153A of the ...

Case Laws     Income Tax

July 22, 2016

While it cannot be disputed that considering section 153A of the Act, the Assessing Officer can reopen and/or assess the return with respect to six preceding years; however, there must be some incriminating material available with the Assessing Officer with respect to the sale transactions in the particular assessment year. - HC

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