High Court Supports CIT in Revising Income Tax Case u/s 263; Suspects Money Laundered as Clean Share Capital.

Revision u/s 263 - Is the finding of the CIT that unaccounted money was or could have been laundered as clean share capital by creating facade of paper work, routing the money through several bank accounts and getting it the seal of statutory approval by getting the case reopened u/s 147 suo motu perverse? - HC uphold the revision proceedings. .....

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