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2013 (3) TMI 688 - AT - Income TaxReference u/s. 142A - Held that:- Reference under section 142A of the Act by the A.O. is not in accordance with law as he referred the matter under section 142A without rejecting books of account. The order of A.O. on the issue is liable to be quashed and accordingly we quash the same. Entitlement to benefit of Section 11 or under Section 10(23C) - Held that:- We set aside the orders of Revenue authorities and contention of the assessee is allowed that if any addition is sustained, the assessee is entitled to benefit of Section 11/10(23C) of the Act. The A.O. is directed accordingly.
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