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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Entitlement to challenge the validity of initiation of ...

Case Laws     Income Tax

May 15, 2017

Entitlement to challenge the validity of initiation of proceedings u/s 147 in which challenged the validity of order passed u/s 263 - the assessee is always obliged to prove the receipt of share capital with premium etc. to the satisfaction of the AO, failure of which calls for addition u/s 68 of the Act. - AT

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