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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

The opinion of the Assessing Officer may have been legally ...

Income Tax

January 11, 2012

The opinion of the Assessing Officer may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings. An erroneous decision which is prejudicial to the Revenue can be revised but the said option was not exercised. .... - HC

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