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Income Tax - Highlights / Catch Notes

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Reopening of assessment - The reasons cannot be supplied ...

Income Tax

May 4, 2016

Reopening of assessment - The reasons cannot be supplied subsequent to the recording of such reasons either in the form of an order rejecting the objections or an affidavit filed by the Revenue - The reasons also do not provide a live link to the formation of the belief that income had escaped assessment. - HC

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