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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Revision u/s 263 - CIT's notice proceed on incorrect assumption ...

Income Tax

June 7, 2017

Revision u/s 263 - CIT's notice proceed on incorrect assumption with regard to the character and nature of the IT Park building which he erroneously considered to be "Trading Stock". The CIT therefore could not proceed u/s 263 by assuming incorrect facts which are not borne out from records - AT

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