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PROTECTIVE ASSESSMENT

Income Tax - Return of Income and Assessment Procedure - 33 - Though there is no provision in the Income-tax Act authorizing the levy of Income-tax on a person other than by whom the Income-tax is payable, yet it is open to Income-tax authorities to .....

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Benami Transaction but still not totally clear Possibility of Diversion of Income to close Kith & Kin but still not totally clear. It must, however be noted that while is permissible, a protective order for recovery is not permissible. In making .....

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