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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - calculation of capital gains - error in ...

Case Laws     Income Tax

September 22, 2023

Revision u/s 263 - calculation of capital gains - error in computing Cost of Acquisition - Assessee has made a claim which is prima facia erroneous. AO has allowed the said erroneous claim. Hence, the Assessment Order is erroneous and prejudicial to the interest of revenue. - AT

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