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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - where there is no addition on account of ...

Income Tax

December 3, 2022

Revision u/s 263 - where there is no addition on account of unaccounted sales and the resultant additional net profit, then the question of alleged capital employed to carry out such alleged unaccounted sales and turnover as per the order of the Ld. Pr. CIT doesn’t have any legal basis and the same deserve to be set-aside. - AT

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