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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Revision u/s 263 - assessee has not accounted for interest ...

Income Tax

November 10, 2018

Revision u/s 263 - assessee has not accounted for interest income in the books of account on advance to IAL - Since the AO has considered the issue and applied his mind before passing the assessment order, CIT is not empowered to revise the order u/s 263.

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