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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Validity of reopening of assessment - unexplained bank deposits ...

February 19, 2021

Case Laws     Income Tax     AT

Validity of reopening of assessment - unexplained bank deposits - A.O. has recorded incorrect, wrong and non-existing reasons in the reasons recorded for reopening of the assessment reproduced above and have also did not apply his mind to the information received from REIC - reopening of the assessment is illegal and bad in Law and liable to be quashed - AT

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