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Income Tax - Highlights / Catch Notes

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Reopening of assessment - Addition u/s 68 - during scrutiny ...

Income Tax

June 2, 2015

Reopening of assessment - Addition u/s 68 - during scrutiny assessment, AO has examined all the details, creditworthiness of the transactions and identity of the creditor the reassessment proceedings initiated u/s. 147/148 are illegal and is liable to be quashed - AT

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