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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - income on account of capital ...

Income Tax

May 25, 2020

Reopening of assessment u/s 147 - income on account of capital gain arising from transfer of the immovable properties has escaped assessment - deduction u/s 54F claimed - After a gap of about 12 years, the affidavit filed by the assessee cannot be accepted, being after though and self serving.

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