Basis of taxability u/s 195(2).

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..... he Board that in a case where an order u/s.195(2) of the I.T.Act 1961 was passed estimating the income taxable in India the basis of such an estimate was not given. On an appeal filed by the assessee .....

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..... e ITO should clearly give the basis on which the taxable income is determined so that the determination can stand the test of appeal. 3. These instructions may kindly be brought to the notice of all .....

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