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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - Issue of cash deposits as well as issue of ...

Case Laws     Income Tax

May 19, 2023

Revision u/s 263 - Issue of cash deposits as well as issue of interest disallowance has nowhere been examined by Ld. AO. Though a query was raised regarding cash deposit, prima facie, the requisite details were not furnished by the assessee. This being so, no view could be said to be have taken by Ld. AO on these two issues. - AT

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