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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Revision u/s 263 - AO has allowed the claim of the assessee u/s ...


CIT Rightly Revises AO's Decision for Section 10(38) Claim Due to Lack of STT Payment Verification on Share Sale.

February 28, 2017

Case Laws     Income Tax     AT

Revision u/s 263 - AO has allowed the claim of the assessee u/s 10(38) without examining whether the security transaction tax (STT) has been paid on the sale of the shares or not - the order of the Ld. CIT in assuming his jurisdiction under section 263 is correct - AT

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