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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - wrongful Capital gain computation - As ...

July 15, 2023

Case Laws     Income Tax     AT

Revision u/s 263 - wrongful Capital gain computation - As further seen from the Revision Order the assessee has not made the claim of Stamp Duty expenses which is also been directed by the Ld. PCIT to be allowed, after due verification by the AO, during the fresh assessment proceedings. Thus, it could be seen that the Revision Order passed by the Ld. PCIT is a well judicious order and also giving proper opportunity to the assessee de novo proceedings. - AT

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