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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Revision u/s 263 - Section 41(1) - Cessation or remission of ...


Revision u/s 263 Dismissed: AO's Sufficient Inquiry on Liability Cessation u/s 41(1) Affirmed.

February 27, 2019

Case Laws     Income Tax     AT

Revision u/s 263 - Section 41(1) - Cessation or remission of liability - trade creditors transferred to capital accounts of the partners of the firm - AO has made reasonable and sufficient enquiries during the course of assessment proceedings - revision order set aside.

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