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Income Tax - Highlights / Catch Notes

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Validity of reopening of assessment - They claimed deduction ...

Income Tax

January 13, 2017

Validity of reopening of assessment - They claimed deduction which they were not entitled which fact came to the notice of the department only in 2010-11 when it was verified whether the petitioner had rural branches. This, according to us is a valid reason for reopening the assessment. - HC

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