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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Reopening of assessment - AO was entitled to exercise his powers ...

Income Tax

November 6, 2017

Reopening of assessment - AO was entitled to exercise his powers u/s 148, as there was no opportunity to verify the transactions claimed to have made in those years. Therefore, it is not a case of change of opinion. - HC

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