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Reopening of an assessment beyond 4 years - issue of bogus purchases - specific and concrete information available with the AO - Reassessment proceedings sustained - However, additions made by the AO deleted on merit.

Income Tax
August 22, 2018

Reopening of an assessment beyond 4 years - issue of bogus purchases - specific and concrete information available with the AO - Reassessment proceedings sustained - However, additions made by the AO deleted on merit.

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