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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Acceptance of on-money in purchase of landed property, is ...

Case Laws     Income Tax

October 22, 2016

Acceptance of on-money in purchase of landed property, is relatable to the period relevant to the AY 2013-14. Perhaps only on account of fact that the sale deed was registered during the period relevant for the AY 2009-10 and the amount involved was considerable, AO has issued the notice of reopening - Notice is not valid, quashed - HC

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