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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - estimation of income - Entire exercise of the ...

Income Tax

June 3, 2020

Revision u/s 263 - estimation of income - Entire exercise of the fact finding in the form of estimation of income under the powers conferred upon the Assessing Authorities to make best judgment assessments, where the books of accounts are validly rejected, does not seem to have been adopted by the authorities below.

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