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Income Tax - Highlights / Catch Notes

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Reopening of assessment - AO was having with him findings of the ...

Income Tax

June 14, 2017

Reopening of assessment - AO was having with him findings of the Investigating Team based on the material recovered during the search conducted of Shri Pravin Kumar Jain Group. Under the circumstances, it cannot be said that there was no tangible material available with the AO to prima facie form an opinion / belief that the income chargeable to tax has escaped assessment - HC

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