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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - if the enquiry of such unexplained investment ...

Income Tax

June 4, 2018

Revision u/s 263 - if the enquiry of such unexplained investment is not done then same would be erroneous order prejudicial to the interest of the Revenue u/s 263 - thus if assessee is failed to explain the source of investment of the deposits with the bank, it shall be considered as an income u/s 69 - HC

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