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Income Tax - Highlights / Catch Notes

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Reopening of assessment - It is beyond comprehension that even ...

Income Tax

November 2, 2016

Reopening of assessment - It is beyond comprehension that even though the AO had time till 30.09.2011 to issue notice u/s 143(2) and even though he had recorded the reasons for assuming jurisdiction u/s 147 for re-assessment on 21.09.2011, he had still not chosen to issue the notice which would have then given him the jurisdiction to continue with the proceedings - HC

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