TMI BlogThe principles of res judicata have no application to income-tax assessment proceedings - Simply because...The principles of res judicata have no application to income-tax assessment proceedings - Simply because in the preceding year, this expenditure came to be allowed without any probe or enquiry it does not preclude the AO from making the enquiries on these issues. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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