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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Validity of assessment u/s 153C - incriminating material related ...


Section 153C Assessment Valid: Incriminating Material Justifies Rs. 10 Crore Non-Compete Fee Notice Based on Seized Evidence.

August 19, 2019

Case Laws     Income Tax     HC

Validity of assessment u/s 153C - incriminating material related to assessee - at the first instance, while calling upon the assessee to show cause as to why non compete fee of ₹ 10 Crores should not be brought to tax, placed reliance on the seized material and AO has specifically recorded the materials which were seized during the search operations - assessment validly made

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