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2023 (3) TMI 482 - HC - Income TaxValidity of order passed u/s 148A(d) and the consequential notice u/s 148 - deduction u/s 54F - audit objection relied upon - HELD THAT:- Briefly, in the order passed in the said writ petition, we have taken note of the fact that the expression “any audit objection” was introduced only via Finance Act, 2022 albeit w.e.f. 01.04.2022. Prior to the said amendment, the expression which obtained in Explanation 1(ii) appended to Section 148 of the Act adverted to the “Comptroller and Auditor General of India”. We are, prima facie, also of the view that if the AO, according to the respondents/revenue, had committed an error in law, perhaps, they could have taken recourse, at the appropriate time, to the provision of Section 263. We are of the view that the matter requires examination. Issue notice.Mr Agarwal accepts notice on behalf of the respondents/revenue.
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