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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Reopening of assessment - the revised claim represents, by the ...

Income Tax

July 8, 2015

Reopening of assessment - the revised claim represents, by the assessee’s own admission, the correct claim of depreciation. Whether legally permissible or not, the AO is not constrained to take cognizance thereof or form an opinion on its basis; the sole criteria being its relevancy and credibility - AT

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